Japan's MUFG Bank to Punish Execs over Customer Asset Thefts
Tokyo, Jan. 16 (Jiji Press)--Japan's MUFG Bank has decided to punish executives including President Junichi Hanzawa for a former employee's alleged massive thefts of customer assets from safe deposit boxes, it was learned on Thursday.
Hanzawa will take a 30 pct cut in monthly pay for three months. The core unit of Mitsubishi UFJ Financial Group Inc. will also reduce the remuneration of other executives including Chairman Naoki Hori.
(2025/01/16-15:11)
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