The China Mail - Former bosses of Fukushima operator ordered to pay $97 billion damages

USD -
AED 3.6725
AFN 66.000327
ALL 79.999849
AMD 364.516059
ANG 1.789783
AOA 916.999802
ARS 1495.0157
AUD 1.411797
AWG 1.8
AZN 1.694317
BAM 1.689786
BBD 2.014385
BDT 122.020865
BGN 1.696366
BHD 0.37713
BIF 2988.962568
BMD 1
BND 1.278096
BOB 11.57656
BRL 5.218218
BSD 1.000151
BTN 95.649394
BWP 13.500659
BYN 3.042098
BYR 19600
BZD 2.011534
CAD 1.38962
CDF 2269.99956
CHF 0.811965
CLF 0.023463
CLP 923.439702
CNY 6.743302
CNH 6.746725
COP 3107.77
CRC 449.273171
CUC 1
CUP 26.5
CVE 95.267512
CZK 20.903992
DJF 178.102253
DKK 6.45632
DOP 58.751107
DZD 132.907406
EGP 50.529303
ERN 15
ETB 160.484608
EUR 0.86362
FJD 2.209054
FKP 0.73738
GBP 0.738645
GEL 2.604991
GGP 0.73738
GHS 11.05212
GIP 0.73738
GMD 74.000076
GNF 8785.882455
GTQ 7.629004
GYD 209.248979
HKD 7.844005
HNL 26.816424
HRK 6.508697
HTG 130.824891
HUF 315.826502
IDR 17832.2
ILS 2.994497
IMP 0.73738
INR 95.81665
IQD 1310.5
IRR 1374575.000007
ISK 122.809961
JEP 0.73738
JMD 158.031838
JOD 0.708982
JPY 159.487503
KES 129.502218
KGS 87.450097
KHR 4046.0505
KMF 426.000327
KPW 900.000294
KRW 1412.605011
KWD 0.30876
KYD 0.833488
KZT 461.939219
LAK 22540.553384
LBP 89564.507419
LKR 331.978314
LRD 181.532281
LSL 16.225328
LTL 2.952741
LVL 0.60489
LYD 6.372767
MAD 9.304503
MDL 17.252954
MGA 4307.838521
MKD 53.147379
MMK 2099.801401
MNT 3596.870401
MOP 8.080178
MRU 40.112318
MUR 46.999557
MVR 15.460398
MWK 1736.999773
MXN 17.062615
MYR 4.059598
MZN 63.905027
NAD 16.279655
NGN 1350.049779
NIO 36.805841
NOK 9.408255
NPR 153.038858
NZD 1.702515
OMR 0.384492
PAB 1.000151
PEN 3.367495
PGK 4.39475
PHP 61.821023
PKR 277.569951
PLN 3.736625
PYG 6034.084282
QAR 3.6455
RON 4.528797
RSD 101.375998
RUB 84.901872
RWF 1473.7024
SAR 3.746587
SBD 8.025811
SCR 13.840472
SDG 601.499565
SEK 9.532415
SGD 1.278235
SHP 0.740866
SLE 24.65021
SLL 20969.499227
SOS 571.500301
SRD 37.967005
STD 20697.981008
STN 21.167678
SVC 8.751323
SYP 13001.999906
SZL 16.279829
THB 33.112979
TJS 9.241463
TMT 3.5
TND 2.91875
TOP 2.40776
TRY 47.934603
TTD 6.782297
TWD 31.896198
TZS 2650.226013
UAH 44.802989
UGX 3730.695293
UYU 40.348187
UZS 11821.932307
VES 771.57685
VND 26177
VUV 118.338592
WST 2.726312
XAF 566.738234
XAG 0.015884
XAU 0.00023
XCD 2.70255
XCG 1.802536
XDR 0.707052
XOF 566.738234
XPF 103.039074
YER 237.09797
ZAR 16.255875
ZMK 9001.187991
ZMW 18.677668
ZWL 321.999592
  • RBGPF

    -2.6900

    68.65

    -3.92%

  • CMSC

    -0.1200

    21.24

    -0.56%

  • CMSD

    -0.0900

    21.09

    -0.43%

  • AZN

    3.2100

    160.1

    +2%

  • NGG

    0.8600

    82.15

    +1.05%

  • GSK

    0.8700

    51.15

    +1.7%

  • BTI

    0.6500

    56.38

    +1.15%

  • BCE

    0.0100

    23.36

    +0.04%

  • RIO

    -0.5200

    96.69

    -0.54%

  • BP

    0.5600

    43.41

    +1.29%

  • RYCEF

    0.2200

    21.06

    +1.04%

  • RELX

    0.9500

    34.51

    +2.75%

  • JRI

    -0.0400

    12.44

    -0.32%

  • VOD

    -0.0700

    16.13

    -0.43%

  • BCC

    -1.7600

    80.18

    -2.2%

Former bosses of Fukushima operator ordered to pay $97 billion damages
Former bosses of Fukushima operator ordered to pay $97 billion damages / Photo: © JIJI PRESS/AFP/File

Former bosses of Fukushima operator ordered to pay $97 billion damages

A Tokyo court Wednesday ordered former executives from the operator of the devastated Fukushima nuclear plant to pay 13.32 trillion yen ($97 billion) for failing to prevent the disaster, plaintiffs said.

Text size:

Four ex-bosses from the Tokyo Electric Power Company (TEPCO) were ordered to pay the damages in a suit brought by shareholders over the nuclear disaster triggered by a massive tsunami in 2011.

Plaintiffs emerged from the Tokyo court holding banners reading "shareholders win" and "responsibility recognised".

Lawyers for the plaintiffs hailed the ruling, and said they believed it to be the largest amount of compensation ever awarded in a civil lawsuit in Japan.

"Nuclear power plants can cause irreparable damage to human lives and the environment," the plaintiffs said in a separate statement after the ruling.

"Executives for firms that operate such nuclear plants bear enormous responsibility, which cannot compare with that of other companies."

The shareholders argued that the disaster could have been prevented if TEPCO bosses had listened to research and carried out preventative measures like placing an emergency power source on higher ground.

Defendants said the studies they were not credible and the risks unpredictable.

But the court ruled nuclear plant operators have "an obligation to prevent severe accidents based on the latest scientific and expert engineering knowledge", and the executives failed to heed credible warnings.

- 'Historic' -

In a statement read to AFP by a TEPCO spokesman, the firm declined to comment on the ruling, saying only: "We again express our heartfelt apology to people in Fukushima and members of society broadly for causing trouble and worry" with the disaster.

The damages are intended to cover the costs to TEPCO for dismantling the reactors, compensating affected residents, and cleaning up contamination.

The lawsuit is designed so the money will go to TEPCO itself, which the plaintiffs own partially as shareholders.

Hiroyuki Kawai, a lawyer representing the plaintiffs, called the decision "historic".

"We realise that 13 trillion yen is well beyond their capacity to pay," he told reporters, adding that the plaintiffs expect the men to pay as much as their assets allow.

There was no immediate word on whether the executives would appeal, though the plantiffs' legal team insisted "if they have heart to feel regret... they should deeply apologise to residents and follow the judgement without appealing".

The size of the award is enormous.

As a point of comparison, in 2015 British oil giant BP was ordered to pay $20.8 billion for the Gulf of Mexico oil spill in what was described at the time as the highest fine ever imposed on a company in US history.

- 'Retirement years in misery' -

Three of the Fukushima Daiichi nuclear plant's six reactors were operating when a massive undersea quake triggered a devastating tsunami on March 11, 2011.

They went into meltdown after their cooling systems failed when waves flooded backup generators, leading to the worst nuclear disaster since Chernobyl.

Around 12 percent of the Fukushima region was once declared unsafe but no-go zones now cover around two percent, although populations in many towns remain far lower than before.

TEPCO has been pursued in the courts by survivors of the disaster as well as shareholders, and six plaintiffs this year took the firm to court over claims they developed thyroid cancer because of radiation exposure.

In 2019, a court acquitted three former TEPCO officials in the only criminal trial to stem from the disaster.

They were among the four men ordered to pay damages in Wednesday's ruling: former chairman Tsunehisa Katsumata, former vice presidents Sakae Muto and Ichiro Takekuro and former president Masataka Shimizu.

The men had faced up to five years in prison if convicted of professional negligence resulting in death and injury, but that court ruled that they could not have predicted the scale of the tsunami that triggered the disaster.

Kawai said when the shareholder suit was filed in 2012 that senior managers at TEPCO must be made to pay.

"You may have to sell your house. You may have to spend your retirement years in misery," he said then.

"In Japan, nothing can be resolved and no progress can be made without assigning personal responsibility."

TEPCO is currently engaged in a decades-long effort to decommission the plant, a costly and difficult process.

No one was killed in the nuclear meltdown, but the tsunami left 18,500 dead or missing.

L.Johnson--ThChM