• SHARE

OSAKA — Osaka and Kyoto prefectural police jointly raided the main office of the Tokufukai welfare business group and more than 20 other locations July 16 over allegations that the group committed fraud involving a massive amount of government subsidies.

The Tokufukai group is believed to have illicitly funneled 1.5 billion yen in state financial assistance to its business expansion schemes. The money is also suspected of being used to repay the personal loans of Mitsuharu Naruse, 75, Tokufukai’s former secretary general, who effectively controls the group, according to informed sources. Of the 1.5 billion yen, more than 100 million yen has disappeared, they said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW