OSAKA (Kyodo) A former Sanyo Electric Co. employee dispatched to a wholly owned subsidiary based in Vietnam is suspected of embezzling about ¥800 million and has been missing since late April, the company said.

The employee is a former finance director at Sanyo DI Solutions Vietnam Corp., which manufactures digital cameras, according to sources.

He was fired May 29 and the company has already filed a criminal complaint against him with local police authorities, Sanyo said.

The employee is suspected of withdrawing money from the company’s bank account from last July to April and using it for private purposes, Sanyo said in a statement.

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.