Toshiba and NEC in talks about chip merger

2. The electronics group is being hit by a triple punch from the global recession, a firm yen and the chip sector slump, Corporate Executive Vice President Fumio Muraoka said at a news conference.

"Chip Merger" will not help in a great way.

The advice for Toshiba is very simple : be honest with 'simple buyers'.

Be simple with retail business.

That was the real reason of Russian Mafia avenge :

Russians promised to cut down Toshiba shareholders profits:

Although the international financial crisis has caused the collapse which has never occurred since the Great Depression, the Russian Federation is still considered as a quiet harbor.

Amongst the transcontinental companies there are a considerable number of Japanese corporations such as Toshiba and Mitsubishi.

Though the latter are thought to be well-known for their successful in retailing of high-quality products worldwide, there have been cases which must be interesting to investigating institutions.

We are going to take Mr. Vadim Danilov’s employee fraud case including asset misappropriation, money laundering, and kickback scheme.

The story goes Mr. Vadim Danilov was hired by Mr. Harry Fujimaki to work for Toshiba Corporation (株式会社東芝, Kabushiki-gaisha Tōshiba) as a general logistics manager in Russia.

The event occurred in 2004.

In the course of two years Mr. Danilov had been “employed” in other areas such as, a certification specialist, customs broker, trader, promoter, etc. Mr. Danilov worked effectively and honestly thinking that he was a team player contributing to Toshiba’s profits.

Moreover, Mr. Koichiro Natsume, an executive manager of Toshiba Corporation in the CIS, declared him a Toshiba Official Trader at the Conference at the Imperial Park Hotel, Moscow, 2006.

In addition, Mr. Natsume declared that Mr. Vadim Danilov was officially registered by Toshiba Corporation as Toshiba's Official Trader named “the Ninth Wave” in the UK.

To conclude the announced procedures, Mr. Natsume issued to Danilov’s Ninth Wave an invoice which was paid to a TCMS official account at Sumitomo Mitsui Banking Corporation, Singapore Branch.

Furthermore, there were other financial transactions during 2006-2007-2008 years, executed by Mr. Vadim Danilov between clients and Toshiba Consumer Marketing Singapore, SMBC Singapore branch account.

After all the payments were completed, Mr. Natsume vanished somewhere in Japan. Toshiba Corporation managers in Russia, Japan and Singapore refused to explain to Mr. Vadim Danilov how those payments had been used.

Toshiba Corporation & TCMS, insist that Mr. Vadim Danilov has no evidences and the corporation declares now that Mr. Vadim Danilov had never had any relations with Toshiba Group Companies.

Nowadays, the Toshiba staff has been running away from Mr. Danilov for 33 months. The Metropolitan Police Department of Tokyo also refused to investigate the accident and explained to Mr. Danilov that he had no right to bring in an action against a Japanese citizen.

It seems to be a confrontation between David and Goliath but David had had no backup…

We see nowadays the Toshiba's turn coming on ...

1. "Restructuring alone won't help companies in today's economic conditions," said Masaru Hamasaki, a senior strategist at Toyota Asset Management. "If companies cut jobs or shrink capital spending based on their current earnings level, they risk narrowing their business capacity."

Warning: Undercover Black Deeds in Japanese Corporations...

Japanese companies are famous for their high-quality service provided worldwide.

Any partner of a Japanese company expects a discreet and trustworthy business way. Unfortunately, it doesn’t look as it seems.

In our case, Japanese corporations’ representatives working in Russia and the CIS have elaborated an excellent fraud scheme including money-laundering, kickback clients and employees, asset misappropriation etc. ...

The scheme runs as follows:

1. Toshiba Corporation serving as a cover generally doesn’t sign official distribution contracts in Russia and the CIS. Russian nationals such as Mr. Vadim Danilov (Toshiba fake official trader) are hired by the corporation. In addition, all transactions are based on pledging Toshiba managers’ word of honor.

2. An “official” supplier – NAC Trading Ltd. - delivering appliances to Media Markt Saturn, located in Moscow, doesn’t have any procuration from Toshiba Corporation.

3. Defective appliances covered by an insurance company are sent to Russia from a warehouse Kouvola, Finland as new ones via a fake Toshiba trader.

4. Toshiba Corporation issues invoices on official blanks in which written payment requisites of third parties (Nana Europe OY) responsible for payment transfers to Toshiba Corporation and MCLOGI (Mitsubishi Corporation LT, Inc.).

5. It is strongly recommended by the Japanese companies to make all payments using off-shore banks since Toshiba prefers not to be responsible for anything if its Russian clients have any claims and complaints.

6. So, there is a bundle: Toshiba Corporation (Supplier) represented by Mr. Natsume – MCLOGI (delivering service) represented by Mr. Baba – Nana Europe OY (Toshiba “agent” in Finland supplying appliances to Russia) represented by Mr. Ogawa – NAC Trading Ltd. (Nana Europe branch in Russia responsible for financial flows in Russia), at a final stage RCAS (a private company of Mr. Baba and Mr. Natsume) located in Estonia transfers the cleaned funds from off-shore banks to Toshiba and MCLOGI.

To sum-up, it has been shown that the Japanese corporations use fraud schemes and transactions to ****** large sums and frame up hired managers and Russian big companies.