The president of a health food sales company in Tokyo was arrested on suspicion of violating the Financial Instruments and Exchange Act, including selling the company's stock without notifying the government.
The president and others were soliciting by saying, ``We are developing products that are effective against cancer, and we can get high dividends,'' so the Metropolitan Police Department has collected about 8 billion yen.
The president has denied part of the allegations.
Two people were arrested, including Shigeru Shiraki (45), the president of WinMedics, a health food sales company in Chiyoda-ku, Tokyo.
According to the Metropolitan Police Department, the president and others are suspected of violating the Financial Instruments and Exchange Act, such as selling the company's stock to 200 people at an event venue in Tokyo in December without notifying the government. increase.
It is believed that the presidents were soliciting mainly cancer patients and their families, saying, "We are developing products that are effective against cancer, and if the business goes well, we will be able to earn high dividends." It means that the dividend has never been confirmed until now.
In response to the investigation, the president denied some of the charges, saying, "I did not intend to solicit."
The Metropolitan Police Department is investigating that it sold shares to more than 15,000 people nationwide in about five years until April last year, collecting about 8 billion yen.