"Suntory Holdings CEO Takeshi Niinami, one of Japan's best-known business leaders, has resigned from the beverage group following a police investigation into his purchase of a supplement that may have breached the country's strict drug laws. Niinami, who has served as an adviser to several Japanese prime ministers and was often the face of corporate Japan at Davos and other international events, told Suntory he purchased the supplement believing it was legal, the company said on Tuesday."
"I was not aware that it was an illegal supplement. I am innocent, he told the Asahi newspaper in a report published Tuesday evening. He added that he felt the company would be unable to unite if he did not resign. Reuters was not able to immediately reach Niinami for comment. Suntory's president, Nobuhiro Torii, a great-grandson of the company's founder Shinjiro Torii, told a press briefing that he would now be fully helming the company."
Takeshi Niinami resigned as Suntory Holdings CEO after a police investigation into his purchase of a supplement alleged to contain THC, which is illegal in Japan. Niinami said he purchased the supplement believing it was legal, denied wrongdoing, and stated he was unaware it was illegal. He said he resigned because he believed the company would be unable to unite otherwise. Nobuhiro Torii, a descendant of the founder, will now fully helm Suntory. Niinami remains chairman of the Keizai Doyukai business lobby and is scheduled to explain the resignation at the lobby's press conference. Police in Fukuoka prefecture investigated supplements linked to the case.
Read at www.aljazeera.com
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