• Kyodo

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Police on Monday searched sites linked to a former newspaper president in Gunma Prefecture on suspicion he arranged for the paper to help him guarantee more than 4.46 billion yen in debts incurred by his real estate firm, police sources said.

Tatsuo Satori, 60, former president of the Maebashi-based Jomo Shimbun newspaper, is suspected of transferring the liabilities of his real estate firm, Kameyamasha, to a Jomo affiliate and of having the newspaper company jointly guarantee the debts from 1996 to 1997, constituting a breach of trust.

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