Nikko Cordial controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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Fraud allegations involving former executives
Nikko Cordial sued three former executives, including former chief executive Junichi Arimura, seeking ¥3.4 billion over alleged fraud. The scandal was associated with a reported 32.9% decline in profits, and Citigroup settled the lawsuit in June 2009.