Thursday, 14 November 2013

Ex-pension fund exec arrested

Japanese police have arrested a former executive of a pension fund on suspicion of embezzling part of millions of dollars that have gone missing.
Police suspect Yoshinobu Sakamoto embezzled more than 640,000 dollars from the fund for construction employees in Nagano Prefecture. This is part of the roughly 24 million dollars that is unaccounted for at the fund.The former general manager disappeared 3 years ago, just before the issue came to light.
Sakamoto was on the international wanted list when he was arrested on November 1st in Bangkok for staying there illegally. He was transferred to Japan and arrested upon arrival on Thursday.

Source: NewsOnJapan

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