CEO Hiroshi Sato of automotive breakout Sato Electric was arrested today on charges of racketeering and embezzlement. Sources say other charges may yet be pending. If found guilty, control of the company will fall to his daughter, twenty-two year old Asami Sato. We attempted to reach Ms. Sato but received no comment.
Sato Electric manufactures luxury and middle-class electric cars and has been on the forefront of advances in battery performance.