The Tokyo District Public Prosecutor's Office on Wednesday indicted three former executives of KSD, an organization that provides industrial accident insurance to small businesses, on a charge of breach of trust for forcing a KSD affiliate to purchase -- using KSD money -- compact discs of a singer who appears in KSD advertisements.
The three are former KSD President and founder Tadao Koseki, 79, former Senior Managing Director and Koseki's son, Kimiyasu Koseki, 40, and former Managing Director Hiroyoshi Yamada, 58. They were arrested Nov. 29.
According to the indictment, the suspects caused the affiliate, KSD Homeikai, to suffer some 168 million yen in losses by forcing it to purchase around 150,000 compact discs of the Japanese female singer.