Particle.news
Download on the App Store

Tokyo Police Arrest Fund CEO Over Alleged Fake Ishigaki Redevelopment Loan

Police say the money trail could extend far beyond the one ¥126 million allegation.

Overview

  • The Metropolitan Police arrested BAR TRADING JAPAN CEO Jin Hase, 53, on Oct. 30 on suspicion of fraud tied to a nonexistent Ishigaki Island redevelopment.
  • Detectives allege he used magazine interview clippings and Cabinet Office materials to build credibility and solicited a €1 million guarantee for a purported €10 million loan.
  • The suspect denies wrongdoing, as investigators review about ¥1.4 billion received from roughly ten firms and potential overseas transfers and soccer‑related payments.
  • In Okinawa, the San‑A Machinato City shopping center closes on Oct. 31, drawing farewells from long‑time patrons.
  • Fukushima police are investigating the death of an elderly woman found in a Shirakawa field with head and limb injuries, saying a bear attack appears unlikely.