Former Chairman Takayoshi Yamaguchi, who has been accused of fraud in a case involving the bankruptcy of "Japan Life," which raised a large amount of money under the owner's commercial law of magnetic therapy equipment, became a public witness for the first time after his arrest. He showed up at the venue and testified that he "thought and carried out everything" for business planning.
In the case of the bankrupt health equipment sales company "Japan Life", executives said that they illegally collected a large amount of money by soliciting that they could get a high dividend if they purchased a bond for a magnetic therapy device leasing contract. 13 people were indicted.
On the 18th, a trial of former president Hiromi Yamaguchi (49), who was accused of violating the Investment Law, was held at the Tokyo District Court, and former chairman and father Takayoshi Yamaguchi (79) was charged with fraud. ) Testified as a defense witness.
Former Chairman Yamaguchi, who first appeared in public since he was arrested in September last year, appeared in a dark blue suit and said that he "thought and executed everything" about the planning of Japan Life's business. He explained that it was a so-called one-man management, in which there was no environment in which officers could give their opinions at the meeting.
In addition, former chairman Yamaguchi said, "Japan Life only supplied products. The leading person who spread the business model born in the United States where member stores solicit acquaintances and friends and create member stores in Japan. I developed my theory.
The date for the first trial of former Chairman Yamaguchi himself has not yet been decided.