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Prefecture takes over troubled JA unit

Date Posted: 2001-09-21

The Okinawa Prefecture Office ordered JA Yonaguni, Friday, to be placed under public management. Prefecture officials selected a manager who took the position of the chairman at the corporation that has been plagued by financial scandals and mismanagement. The appointed chairman will take charge on all day-to-day management of the institution.

Prefecture officials made the decision after it was revealed that the chairman of the JA Yonaguni had issued blank promissory notes against legal procedures. The whole JA Okinawa organization and the Yonaguni JA in particular is currently heavily in debt.

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