• Kyodo News


The Tokyo District Court on Thursday sentenced Isamu Kuroiwa, former chairman of the Tokyo-based investment firm World Ocean Farm, to 14 years in prison for defrauding investors in a scam involving a bogus shrimp farming business in the Philippines.

Six former executives of the World Ocean Farm, including Atsuhiro Kuroiwa, Kuroiwa’s 29-year-old son who was in charge of its funding operations, were sentenced to two to three years in prison each for conspiring with Kuroiwa, 60, in the fraudulent scheme.

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.