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Suntory CEO resigns after purchase of potentially illegal supplements

Suntory CEO resigns after purchase of potentially illegal supplements

Summary

Suntory Holdings CEO Takeshi Niinami resigned after a police investigation into his purchase of a supplement that may be illegal in Japan. The supplement is believed to contain THC, a psychoactive component of cannabis, which is against Japanese law. Niinami claimed he thought the supplement was legal at the time of purchase.

Key Facts

  • Takeshi Niinami resigned as CEO of Suntory Holdings after a police probe.
  • The investigation concerns his purchase of a potentially illegal supplement with THC.
  • Niinami asserted he believed the supplement was legal.
  • THC, a component of cannabis, is illegal in Japan but CBD is not.
  • Nobuhiro Torii, related to Suntory's founder, will now lead the company.
  • Niinami was questioned, and his home was searched, but no illegal drug use was confirmed.
  • Niinami expanded Suntory's business significantly since joining in 2014.
  • He remains chairman of the Keizai Doyukai business lobby.
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