Tokyo prosecutors arrested four executives of Daiwa Securities Co. on Tuesday for allegedly compensating a “sokaiya” corporate extortionist for investment losses in violation of the Commercial Code and the Securities and Exchange Law.
The arrests complete the circle of Big Four brokerage arrests stemming from one sokaiya, Ryuichi Koike. The Daiwa Securities executives are suspected of compensating Koike to the tune of 203 million yen from Jan. 9 to Dec. 21, 1995, through two accounts, one in the name of a firm run by the racketeer’s brother and the other under the name of a friend.
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.