An Osaka company that advertised itself as a "sharing service" for luxury watches suddenly announced its dissolution. Interviews with investigative personnel revealed that no rental payments have been confirmed from people who borrowed watches.
The Metropolitan Police Department has obtained an arrest warrant for Takayoshi Fukuhara (42), who was the representative of a company, on suspicion of embezzlement. It is suspected that he had been collecting watches with the intention of selling them from the beginning, and that some of the proceeds from the sales were given to the owners.