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(Update) MUFG Bank to Punish Execs over Customer Asset Thefts

(Update) MUFG Bank to Punish Execs over Customer Asset Thefts

   Tokyo, Jan. 16 (Jiji Press)--Japan's MUFG Bank said Thursday that it has decided to punish executives including President Junichi Hanzawa for a former employee's alleged massive thefts of customer assets from safe deposit boxes.
   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.

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AFP-JIJI PRESS NEWS JOURNAL


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