Fire Ravages Former Japan Prime Minister's House: A Reminder Of The Decades-Old Lockheed Bribery Scandal
Portfolio Pulse from Benzinga Neuro
The residence of the late former Prime Minister Kakuei Tanaka in Tokyo was damaged by fire. No injuries were reported. The fire started while his daughter, former Foreign Minister Makiko Tanaka, was lighting incense sticks. The residence is known for the Lockheed bribery scandal from the 1970s, where Lockheed Aircraft Corp. paid bribes to Japanese officials, including Tanaka. Lockheed Corporation, now Lockheed Martin Corp (NYSE:LMT), was involved in the scandal.
January 09, 2024 | 6:19 am
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Lockheed Martin Corp (NYSE:LMT), the successor of Lockheed Corporation involved in the 1970s bribery scandal, may face renewed public attention due to the fire at the former PM's residence.
While the fire incident at the former PM's residence may bring the Lockheed bribery scandal back into public discussion, the event is historical and unlikely to have a significant direct impact on Lockheed Martin's current operations or stock price. However, there could be a minor sentiment-driven impact in the short term.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50