Head of Mugen arrested today. Honda Jr. = OWN3D.
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All Eyes On Z
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Head of Mugen arrested today. Honda Jr. = OWN3D.
Tuesday, July 1, 2003 at 16:06 JST
SAITAMA — Public prosecutors arrested Hirotoshi Honda, the president of racing car engine maker Mugen Co, and the firm's former auditor on Tuesday on suspicion of evading some 1 billion yen in corporate tax.
The Saitama District Public Prosecutors Office launched a criminal investigation of the case earlier Tuesday and questioned Honda, 61, the eldest son of Soichiro Honda, the late founder of Honda Motor Co, before arresting him. They also arrested Norio Hirokawa, 60, the company's former auditor, for allegedly conspiring with Honda to conceal income and evade tax. (Kyodo News)
Honda's son arrested over massive tax scam]
SAITAMA -- The eldest son of the late Soichiro Honda, the founder of Honda Motor Co. Ltd., was arrested Tuesday over massive tax evasion of an engine manufacturer he runs, officials said.
Hirotoshi Honda's company, Mugen Co., in Asaka, Saitama Prefecture, is suspected of evading the payment of about 1 billion yen in corporate tax by failing to properly declare more than 3 billion yen income for a three-year period until October 2000.
Honda, 61, and Norio Hirokawa, a former auditor to Mugen, played a leading role in the company's tax evasions, said crime busters of the Saitama District Public Prosecutors Office when they arrested the two.
Honda and Hirokawa cooked the company's ledgers with the fictitious cost of materials bought in dealings with a leasing company also run by the Mugen president.
Investigators suspect that Honda and his firm spent the funds on land in Tokyo's Minato-ku.
Mugen technology is known worldwide through the development of engines that won several Formula-1 events.
Honda Motor Co. formerly owned a 40 percent interest in Mugen, but currently no formal relationship exists between the two companies. (Mainichi Shimbun, Japan, July 1, 2003)
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Honda Jr =
SAITAMA — Public prosecutors arrested Hirotoshi Honda, the president of racing car engine maker Mugen Co, and the firm's former auditor on Tuesday on suspicion of evading some 1 billion yen in corporate tax.
The Saitama District Public Prosecutors Office launched a criminal investigation of the case earlier Tuesday and questioned Honda, 61, the eldest son of Soichiro Honda, the late founder of Honda Motor Co, before arresting him. They also arrested Norio Hirokawa, 60, the company's former auditor, for allegedly conspiring with Honda to conceal income and evade tax. (Kyodo News)
Honda's son arrested over massive tax scam]
SAITAMA -- The eldest son of the late Soichiro Honda, the founder of Honda Motor Co. Ltd., was arrested Tuesday over massive tax evasion of an engine manufacturer he runs, officials said.
Hirotoshi Honda's company, Mugen Co., in Asaka, Saitama Prefecture, is suspected of evading the payment of about 1 billion yen in corporate tax by failing to properly declare more than 3 billion yen income for a three-year period until October 2000.
Honda, 61, and Norio Hirokawa, a former auditor to Mugen, played a leading role in the company's tax evasions, said crime busters of the Saitama District Public Prosecutors Office when they arrested the two.
Honda and Hirokawa cooked the company's ledgers with the fictitious cost of materials bought in dealings with a leasing company also run by the Mugen president.
Investigators suspect that Honda and his firm spent the funds on land in Tokyo's Minato-ku.
Mugen technology is known worldwide through the development of engines that won several Formula-1 events.
Honda Motor Co. formerly owned a 40 percent interest in Mugen, but currently no formal relationship exists between the two companies. (Mainichi Shimbun, Japan, July 1, 2003)
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Honda Jr =
lease: 
The Man, Myth and Legend
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From: Western Canada, where the beer is cold and the women are HOT!
Rep Power: 0 So do ya think they'll start selling Mugen parts for alot less, to make up the money to pay back the gov't. 
Either that, or the prices will go sky high. 
Either that, or the prices will go sky high. Thread Starter
All Eyes On Z
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Rep Power: 0 Originally posted by ZMan2k2
So do ya think they'll start selling Mugen parts for alot less, to make up the money to pay back the gov't. Either that, or the prices will go sky high.
So do ya think they'll start selling Mugen parts for alot less, to make up the money to pay back the gov't.
Either that, or the prices will go sky high. 
Reppin Stage 7
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From: San Benito,Texas
Rep Power: 334 Originally posted by ZMan2k2
So do ya think they'll start selling Mugen parts for alot less, to make up the money to pay back the gov't. Either that, or the prices will go sky high.
So do ya think they'll start selling Mugen parts for alot less, to make up the money to pay back the gov't.
Either that, or the prices will go sky high. Btw, this is my 1,000 post!!!
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From: asdfjkl;
Rep Power: 0 Originally posted by sadboy916
why mugen does not even make any parts for our civic besides a gas cap.
why mugen does not even make any parts for our civic besides a gas cap.
Gas caps are mere advertisement for someone with a better Honda to get to know Mugen better.
HISPAnIC CAUSIn PAnIC
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From: sacramento, California, US
Rep Power: 0 Originally posted by SlammedBlueEM2
Because the Civic, unlike the EP3 hatchback and Integra - is not car made for performance. Sure they all share the same chassis but not the same type of engine that's worth working on for racing around the track. Why should they work on a Civic anyway? The EP3 and DC5 have a better wheelbase and their chassis' are more rigid, especially the Type Rs.
Gas caps are mere advertisement for someone with a better Honda to get to know Mugen better.
Because the Civic, unlike the EP3 hatchback and Integra - is not car made for performance. Sure they all share the same chassis but not the same type of engine that's worth working on for racing around the track. Why should they work on a Civic anyway? The EP3 and DC5 have a better wheelbase and their chassis' are more rigid, especially the Type Rs.
Gas caps are mere advertisement for someone with a better Honda to get to know Mugen better.
Registered!!
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From: Tampa, Georgia, US
Rep Power: 0 Originally posted by sadboy916
a ep hatch and integra are made for perfromance???????? thats news to me considering they are slow.
a ep hatch and integra are made for perfromance???????? thats news to me considering they are slow.
You gatta rember they'er fast cars in there class! Yes, honda makes fast n/a 4cylinders and pretty nice looking v6 enignes. No they don't have as much power as fully built n/a v8 motor. HISPAnIC CAUSIn PAnIC
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From: sacramento, California, US
Rep Power: 0 Originally posted by OMega
You gatta rember they'er fast cars in there class! Yes, honda makes fast n/a 4cylinders and pretty nice looking v6 enignes. No they don't have as much power as fully built n/a v8 motor.
You gatta rember they'er fast cars in there class! Yes, honda makes fast n/a 4cylinders and pretty nice looking v6 enignes. No they don't have as much power as fully built n/a v8 motor. 
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From: Long Island, New York, US
Rep Power: 397 Originally posted by PbFoot
oops...my company audits honda's books. that kinda sux for us. tomorrow is gonna be a rough day.
oops...my company audits honda's books. that kinda sux for us. tomorrow is gonna be a rough day.
