Police arrested Thursday a former executive of the Mitsui & Co. group and an employee of Deutsche Bank AG's investment banking arm in Tokyo over an alleged bribery case, they said.
Yutaka Tsurisawa, 60, former Mitsui managing director in charge of handling a corporate pension fund, is suspected of having received bribes from Deutsche Securities Inc. employee Shigeru Echigo, 36, in return for purchasing 1 billion yen worth financial products, according to the Tokyo police.
Echigo allegedly provided Tsurisawa with entertainment such as overseas travel, golfing and dining totaling around 900,000 yen between April and August last year, the police said.
Source: NewsOnJapan
