National / Crime & Legal Jul 3, 2013

15 years sought for AIJ chief, eight years for cohorts

Prosecutors on Tuesday sought 15 years in prison for Kazuhiko Asakawa, the president of fund manager AIJ Investment Advisors Co. who has been charged with defrauding 17 pension funds in Japan of about ¥24.8 billion between February 2009 and January 2012. The prosecutors sought prison ...