• Kyodo News

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Investigative sources on Wednesday warned that L&G K.K. Chairman Kazutsugi Nami, 75, and other senior officials and employees of the Tokyo-based bedding supplier will be arrested next week on suspicion of defrauding its affiliates through a sham investment scheme.

The firm allegedly collected more than ¥200 billion by issuing its own currency, called Enten, which could be used at company-organized bazaars.

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