This is perhaps a repost... but it's with a different title...


Japanese prosecutors have launched a criminal investigation on Formula One engine supplier Mugen over a massive tax evasion, news reports said today. Prosecutors suspect Mugen, which has business relations with Honda Motor, evaded 600 million yen (five million dollars) in corporate taxes, the reports said, quoting sources close to the case.

Hirotoshi Honda, the eldest son of Soichiro Honda, founder of the automaker, is president of Mugen, which was established in 1973 as a key member of Honda's racing team factories. Investigators are likely to summon Mugen executives for questioning possibly on Tuesday, Kyodo News said.

Mugen has been involved in manufacturing, supplying and developing car engines for F-1 races for Honda and its group companies. Mugen engines have won four F-1 races. Prosecutors suspect Mugen hid its income by moving funds to a company named MG Estate under machine lease and other fictitious transactions for three years through to December 2000, Kyodo said.

Hirotoshi Honda is a board member of MG Estate, which has since been renamed GE Seirijigyosha. Mugen, based in Saitama, north of Tokyo, reported sales of about 6.8 billion yen for the financial year to October 2001. Immediate comments form the company and prosecutors were unavailable.

AFP



I think it's criminal the guy charges so much for S2000 parts

 

Hahah, you're losing your touch Wantone. People are getting to topics before you are, J/K.

So I get to say it, REPOST!!!

Stick to the fine a$$ women and car conversion sightings.