National / Crime & Legal Dec 18, 2013

AIJ's Asakawa gets 15 years for huge pension fund fraud

by Tomohiro Osaki

Kazuhiko Asakawa, former president of AIJ Investment Advisors Co., is sentenced 15 years in prison for orchestrating a high-profile fraud case that cost his pension fund clients some ¥24.8 billion.

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 ...