Orix Corp. Chairman Yoshihiko Miyauchi said Thursday neither he nor his company has ever given special treatment to Bank of Japan Gov. Toshihiko Fukui in connection with Fukui’s personal investments.
Miyauchi was commenting on a media report that said Fukui invested 10 million yen in an investment fund founded by financier Yoshiaki Murakami through an Orix-managed investment partnership.
Fukui said he made the investment before he took up the BOJ governorship in 2003 and admitted that he retained it. He has offered to withdraw the investment and donate the funds to charity. The withdrawal is to be completed Friday.
Miyauchi and his company are known to support the Murakami fund, which was embroiled in scandal when Murakami was charged last week with insider trading.
Miyauchi said he has nothing to do with the misdeed and that neither he nor his company has ever been involved in the Murakami fund’s investment decisions.
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