• Kyodo

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A former executive in charge of accounting at loss-making panel-maker Japan Display Inc. embezzled some ¥578 million ($5.3 million) over a four-year period from 2014, and was dismissed last December, the company said Thursday.

The Apple Inc. supplier filed a criminal complaint against the former executive with the Metropolitan Police Department in August this year after the alleged embezzlement came to light after a tip from an employee in October last year. The former executive said he’d used the money for gambling, the firm said.

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