A former officer with the Metropolitan Police Department pleaded guilty on Friday to receiving bribes worth 4.48 million yen from Daiwa Securities Co. in return for information about a case involving the brokerage.

Takayoshi Hontao, 45, a former inspector in the MPD’s Second Investigation Section, admitted that he had accepted the bribes as a reward for information about police investigations into a fraud and embezzlement case involving Daiwa’s Kunitachi branch in 1993. “The indictment is correct,” he said after listening to prosecutors read aloud the indictment at the first session of his trial before the Tokyo District Court. “I can’t remember all the facts clearly, but it is true that I accepted the bribe,” he said when asked by the judge if he admitted the prosecutors’ claims.

Clad in a gray suit, the former police officer said he deeply regrets committing a serious crime that caused significant damage to his former workplace and shocked his colleagues and the public. “I have no idea how to apologize … I am so sorry,” he said.

During the same hearing, Kiyoshi Komono, 43, former deputy manager of Daiwa’s general affairs department, pleaded guilty to charges of bribing the police officer. According to prosecutors, Hontao accepted a total of 2.86 million yen in cash on 24 occasions between October 1993 and February 1997. Hontao also received travel coupons worth 500,000 yen around July 1993 and was entertained to the tune of 1.11 million yen on 26 occasions between April 1993 and February 1997, prosecutors said.

Komono allegedly handed over 1.96 million yen in cash on 13 occasions and entertained Hontao, paying 322,000 yen on six occasions at a restaurant in Chiyoda Ward, Tokyo, prosecutors said. In return, Hontao, who was in charge of the investigation into the fraud case involving Daiwa, allegedly provided Komono, who was a member of an in-house task force to gather information on the case, with information regarding the progress of the police investigation, prosecutors said.

Daiwa executives made use of the information to prevent the case from becoming a major public scandal, prosecutors said. Daiwa managers at the Kunitachi and Omori branches were convicted in 1994 and 1995 of conspiring with other employees to defraud customers of securities totaling 6.1 billion yen between February 1992 and January 1993.

Hontao was dismissed by the MPD on January 14, the day he was arrested.

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