HOME > NATION > Article

Text Size

small

medium

large


Ex-Japan Life Chm., 13 Others Arrested over Massive Fraud

Ex-Japan Life Chm., 13 Others Arrested over Massive Fraud

   Tokyo, Sept. 18 (Jiji Press)--Japanese police arrested Takayoshi Yamaguchi, 78, former chairman of failed multilevel marketing company Japan Life Co., and 13 others over a massive fraud case on Friday.
   Damages suffered by nearly 10,000 victims in 44 prefectures may have totaled about 210 billion yen, according to sources at a joint investigation headquarters set up by Tokyo's Metropolitan Police Department and the police departments of Aichi, Fukushima and three other prefectures.
   The damages total is one of the largest ever among domestic fraud cases, the sources said.
   The arrested suspects also include former Japan Life President Hiromi Yamaguchi, the 48-year-old second daughter of the former chairman, and former company director Shinji Yasuda, 62.
   They allegedly swindled a total of 12 people n their 50s to 80s in Fukushima, Niigata, Shizuoka, Aichi and four other prefectures out of a total of 80 million yen under fraudulent contracts between Aug. 4, 2017, and Nov. 7 that year.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
Suga, in Talks with Joko Widodo, Vows 50-B.-Yen Loans to Indonesia over Epidemic
ECONOMY
NY Stocks (Tuesday Closing): Dow 28,308.79 (+113.37); Nasdaq 11,516.49 (+37.51)
SPORTS
Japan Pro Baseball: SoftBank Hawks Extend Winning Streak to 9th Game
OTHER
Tokyo Sees 139 New Coronavirus Cases

AFP-JIJI PRESS NEWS JOURNAL


Photos