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    Home»Latest News»Suntory CEO resigns after purchase of potentially illegal supplements | Business and Economy News
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    Suntory CEO resigns after purchase of potentially illegal supplements | Business and Economy News

    The Daily FuseBy The Daily FuseSeptember 2, 2025No Comments3 Mins Read
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    Suntory CEO resigns after purchase of potentially illegal supplements | Business and Economy News
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    The dietary supplements allegedly contained THC, the psychoactive element of hashish, which is unlawful in Japan.

    Printed On 2 Sep 20252 Sep 2025

    Suntory Holdings CEO Takeshi Niinami, certainly one of Japan’s best-known enterprise leaders, has resigned from the beverage group following a police investigation into his buy of a complement that will have breached the nation’s strict drug legal guidelines.

    Niinami, who has served as an adviser to a number of Japanese prime ministers and was typically the face of company Japan at Davos and different worldwide occasions, instructed Suntory he bought the complement believing it was authorized, the corporate stated on Tuesday.

    “I used to be not conscious that it was an unlawful complement. I’m harmless,” he instructed the Asahi newspaper in a report revealed Tuesday night. He added that he felt the corporate can be unable to unite if he didn’t resign. Reuters was not in a position to instantly attain Niinami for remark.

    Suntory’s president, Nobuhiro Torii, a great-grandson of the corporate’s founder Shinjiro Torii, instructed a press briefing that he would now be absolutely helming the corporate.

    “He was a daring, decisive chief who obtained issues completed, and I really revered him,” Torii stated of Niinami. “In that respect – and I instructed this to him yesterday as nicely – it’s an actual disgrace that we couldn’t proceed as a staff.”

    Niinami, a fluent English speaker, is chairman of the influential Keizai Doyukai enterprise foyer. He stated he had no intention of resigning from that function, in line with the Asahi report. Keizai Doyukai officers weren’t instantly obtainable for remark.

    He’s scheduled to carry his common press convention for the enterprise foyer on Wednesday afternoon, the place he’s anticipated to clarify the main points behind his resignation.

    Recognized for being outspoken, Niinami incessantly voiced opinions on how Japan’s economic system must be managed and the way the central financial institution ought to act.

    Investigation continues

    The Tokyo Shimbun day by day reported that police in Fukuoka prefecture have been investigating whether or not dietary supplements containing hashish parts had been despatched to Niinami’s dwelling – a probe that’s related to a person who was arrested in July.

    Different Japanese media stated the dietary supplements allegedly contained THC, the psychoactive element of hashish, which is unlawful in Japan. CBD, a separate chemical compound from the hashish plant, nonetheless, is authorized, and merchandise containing it can be found in Japan.

    Suntory, which makes whisky, beer and delicate drinks akin to Orangina-branded soda, stated Niinami instructed the corporate on August 22 that he was the topic of a police investigation. He resigned on September 1.

    Niinami, 66, considerably expanded Suntory’s income and income, becoming a member of the drinks maker as president in 2014 shortly after it bought US spirits firm Beam for $16bn, together with debt.

    In keeping with Tokyo Shimbun, police questioned Niinami and searched his Tokyo dwelling, however no unlawful drug possession or use has been confirmed. A Fukuoka Police official was not instantly obtainable to touch upon the studies.

    A graduate of Harvard Enterprise Faculty, Niinami was beforehand chief govt of comfort retailer operator Lawson earlier than turning into Suntory’s boss, the primary head of the agency from outdoors its founding household.

    Japan has strict drug legal guidelines. Late final 12 months, Japanese endoscope producer Olympus Corp sacked then-CEO Stefan Kaufmann, a German nationwide, after an allegation that he had bought unlawful medication.

    In 2015, police arrested Toyota Motor govt Julie Hamp, a United States citizen, on suspicion of illegally importing the painkiller oxycodone into the nation. She was later launched.



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