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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
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.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.