• Kyodo

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A former financial director of now-defunct Yaohan International Holdings Ltd. has been arrested and charged with conspiring to defraud the company’s shareholders, creditors and auditors, Hong Kong authorities said Thursday.

Kazuhiko Fujita, 48, who was also charged with falsifying an accounting document involving 689 million Hong Kong dollars (10.58 billion yen) that vanished, appeared before the Eastern Magistracy on Thursday but entered no plea.

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