Fudo Tetra (TYO:1813) will reduce the pay of several directors following an internal investigation into fictitious orders placed by employees, according to a Wednesday filing on the Tokyo Stock Exchange.
President Shinya Okuda will take a 20% cut in monthly remuneration for three months, while Executive Vice President Jun Ohbayashi and Managing Executive Officer Yoji Kawachi will face reductions of 15% and 10%, respectively, over the same period.
The company said additional cuts were imposed on other executive officers in line with internal rules.
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