• SHARE

Tokyo prosecutors raided the head office of Daiwa Securities Co. on Sept. 18 to search for evidence of payoffs allegedly made by the major securities firm to corporate extortionist Ryuichi Koike, a “sokaiya” central to similar scandals involving Nomura Securities Co. and Dai-Ichi Kangyo Bank.

The Securities and Exchange Surveillance Commission and the Tokyo District Public Prosecutor’s Office suspect that Daiwa paid 54-year-old Koike more than 67 million yen by mid-1996, which constitutes a violation of the Commercial Code and the Securities and Exchange Law, sources 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