TOKYO (AP) — Takeshi Niinami, the former chief executive of the renowned Japanese beverage company Suntory, has publicly acknowledged an investigation involving him related to the possession of an illegal drug. Despite the inquiry and his subsequent resignation from his position, Niinami maintains his innocence. “I have not broken the law. I believe I am innocent,” he stated to reporters on Wednesday.
The announcement of Niinami's resignation was made by Nobuhiro Torii, the president of Suntory Holdings and a member of the founding family, during a news conference on Tuesday. Although Torii confirmed the resignation, he refrained from providing extensive details, citing the ongoing nature of the investigation. The police in Fukuoka, a region located in southwestern Japan, have verified that Niinami is indeed under investigation concerning a potential drug-related issue, but no additional information has been released.
Niinami clarified that the case pertains to a health supplement he describes as “a CBD supplement.” This supplement, reportedly produced in the United States, was recommended to him by a friend who sent it to him via mail. CBD, which stands for “cannabidiol,” is known to contain a component found in marijuana. Niinami expressed that he assumed the supplement was “legal 100%” and was interested in trying it out, as it was more affordable than similar products available in Japan. He intended to use the supplement to alleviate jet lag experienced during his international travels; however, he was away when the package containing the supplement arrived and did not personally receive it.
Niinami has played a pivotal role in steering Suntory towards significant growth since the company's establishment in 1899. He is particularly credited with the company's successful overseas expansion, which includes the notable acquisition of Beam Inc. for $16 billion approximately a decade ago. This strategic acquisition brought iconic brands, such as Jim Beam Bourbon, Sauza Tequila, and Canadian Club Whisky, under Suntory’s umbrella, enhancing the company's reputation in the U.S. alcohol market.
As of now, Suntory has yet to appoint Niinami’s successor. Within the context of Japanese society, which holds a strong culture of shame and group accountability, it is not uncommon for individuals who bring embarrassment to resign from their roles.
In addition to his leadership at Suntory, Niinami has also been affiliated with the Keizai Doyukai, known as the Japan Association of Corporate Executives, a prominent business lobbying group. He made his statements during the press conference held at the Keizai Doyukai offices located in Tokyo.
