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    The previous head workplace president in Nagasaki could also be value over 1 billion. Yen


    Japan Publish Kans mentioned on Tuesday {that a} former head of a put up workplace in Japan province southwest of Nagasaki had cheated greater than 50 folks for over 1 billion yen ($ 9.1 million).

    The person, who was in his 60s, had deposited the cash by telling clients that he had dedicated fraud from November 1996 to January 2021, or presumably from January 2021, in accordance with an in-house investigation by the corporate.

    “We sincerely apologize for inflicting a lot hassle for these involved,” Kazuyuki Negishi, a senior govt of Japan Publish, informed a press convention. Based on sources accustomed to the case, the police has additionally launched an investigation.

    Kazuyuki Negishi, a senior govt of Japan Publish, held a press convention on April 6, 2021 in Tokyo over a 1 billion-yen fraud alleged by an ex-post workplace chief. (Kyodo)

    Japan Publish suspects that there could also be extra victims, however they are going to be compensated for his or her financial losses, in accordance with the corporate.

    The person retired in March 2019 however continued to supply fraudulent companies even after his retirement. Based on Japan Publish, he admitted to having dedicated the fraud, however has informed the corporate that he doesn’t keep in mind the small print or how a lot cash he has taken.

    The allegations surfaced on 27 January when a buyer informed a department of Japan Publish Financial institution that the previous chief had refused his request to shut the financial savings account.

    Japan Publish mentioned its guardian firm, Japan Publish Holdings Firm, had already reported the allegations to the monetary companies company.

    The postal and monetary companies supplier was hit by an identical scandal a number of years in the past with Komaro, the previous head of a put up workplace in Nagano Prefecture, Central Japan, providing pretend monetary merchandise at excessive rates of interest for round 890 million yen. Prospects have been cheated. .

    Japan Publish terminated the contract with the previous put up workplace chief in April 2015, which was in his 70s.

    In 2019, one other scandal involving the Japan Publish group surfaced when it was discovered that put up workplace workers paid clients for each outdated and new insurance coverage merchandise with out switching for a while.

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