• SHARE

Several hundred million yen deposited by investors in financial products sold by the head of the now-defunct Minami Securities in the late 1990s are unaccounted for, and police suspect fraud, investigation sources said Wednesday.

Koichi Hirata, 37, former president of the Maebashi, Gunma Prefecture-based brokerage, has been arrested and charged with embezzling client stocks worth billions of yen.

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