• Kyodo

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A former senior employee of Sumitomo Mitsui Banking Corp. was arrested Wednesday for allegedly pocketing about ¥190 million ($1.84 million) by manipulating the bank’s foreign exchange trading system, police said.

Hiroshi Minamihashi, 54, began stealing from the bank in 2007, repeatedly taking money that he spent on entertainment with his girlfriend and other expenses, including education fees for his child, the police said, noting he could have swindled up to ¥1.1 billion.

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