• SHARE

The Tokyo High Court on Wednesday upheld a lower court-imposed 10-year prison term against Upper House member Tatsuo Tomobe for swindling 35 people out of about 665 million yen between 1994 and 1996 through a bogus mutual fund scheme.

Tomobe, 72, an independent Diet member who has refused to resign his seat despite being incarcerated since his 1997 arrest, was convicted in March by the Tokyo District Court of defrauding depositors of his mutual aid association, Orange Kyosai Kumiai.

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