Honda website
Honda website

JULY 1, 2003

Honda Jr is arrested

Hirotoshi Honda, the son of the late Soichiro Honda and the chief executive of Mugen, has been arrested over allegations of a massive tax evasion. The Mugen company is suspected of having failed to declare more than $25m in revenues over a three year period up to the end of 2000 and therefore evading a tax payment of around $8.5m. Honda and his auditor Norio Hirokawa have been arrested and are alleged to have cooked the books with a leasing company owned by Honda Jr. The investigators claim that the money saved was then invested in property in Tokyo.