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Officers accused of embezzling 65 mln

Date Posted: 2001-12-20

The Naha District Prosecutor's Office has arrested the 49-year-old former director of the now-defunct Nankai Kikou and the 49-year-old president of Okinawa Getto on charges of breach of trust. The two are suspected of conspiring to cause financial loss to Nankai Kikou through a scheme whereby the director allegedly drew promissory notes on the company's accounts for the president. A total of \65 million was cashed out for their own personal use.

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