KOCHI – A former treasurer in the village of Tosayama, Kochi Prefecture, was sentenced to 12 years in prison Wednesday for bilking the municipality’s coffers out of 1.35 billion yen between April 1999 and last December.
The Kochi District Court ruled that Tadao Iwasaki, 75, used the mayor’s seal to falsify loan-request documents on the village’s behalf to four financial institutions, which remitted the funds on seven occasions to accounts linked to the village. Iwasaki then withdrew the money from those accounts and used it for his personal expenses, including gambling.
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