Four people, including the president of a real estate consulting company and an employee of Mitsubishi UFJ Trust and Banking, were arrested on suspicion of fraud and other charges for defrauding a bank of 380 million yen in loans for the purchase of an apartment.
The Metropolitan Police Department is investigating the company, suspecting that the company president and others used similar tactics to defraud more than 3.2 billion yen.
Four people were arrested, including Masaru Fujimoto (31), president of a real estate consulting company who lives in Minato Ward, Tokyo, and Daiki Matsuda (47), an employee of Mitsubishi UFJ Trust and Banking, who lives in Shinagawa Ward, Tokyo.
According to the Metropolitan Police Department, two years ago, in order to obtain a loan to purchase an apartment in Kanagawa Prefecture, they prepared the withholding tax slip and account statements showing the asset balance, and received 380 million yen from a bank in Tokyo. There are suspicions of fraud, etc.
It is believed that President Fujimoto and others provided guidance, and that Bank Employee Matsuda applied for the loan.
The price of the apartment was actually about 50 million yen cheaper, and the president and his colleagues are believed to have received the difference and a 10 million yen commission from bank employees.
The Metropolitan Police Department is investigating the company, suspecting that the president and others repeatedly applied for more than a dozen other fraudulent loans using similar techniques, defrauding financial institutions of more than 3.2 billion yen.
The Metropolitan Police Department has not disclosed the identity of the four people.
Mitsubishi UFJ Trust and Banking “Sincere apology”
Mitsubishi UFJ Trust and Banking commented, ``We take the arrest of a bank employee seriously and sincerely apologize to those affected.We will fully cooperate with future investigations.''