: Classifieds : MyJU :
Stories: News
Browse News Stories: « Previous Story | Next Story »

Misappropriation leaves land rental fund ¥230 million short

Date Posted: 2008-07-10

Land owners holding title to Camp Kinser land are demanding answers after learning the chairman of their association illegally took ¥430 million of their money and gave it to a relative.

More than 550 individuals own the land used by the U.S. Marines at Camp Kinser, and receive monthly rental payments from the Japanese government. The government each month transfers those rental funds into the Urasoe City Kowan area land owners account maintained by its chairman, Tadakazu Miyahira. Miyahira, they’ve discovered, misappropriated ¥430 million of their money between 2000~2001, then covered it up until last month.

Miyahira first took ¥200 million and gave it to Minoru Higa, a relative. One of three inspectors who falsified records in the scheme was Higa’s cousin. Records shop Higa replaced the money, but then a second misappropriation of ¥230 million to the 65-year-old Higa followed. “Minoru Higa helped me, and he is my relative, and I know he is a great person,” says Miyahira as he defended his action. “I believed him that he would return the money quickly, because he did return the first ¥200 million.”

That didn’t happen, because Higa used the money to open a golf course in Fukuoka Prefecture, only to have it go into bankruptcy. The first money transfer to Higa was in April 2000, with the second payment a year later. Higa obtained an ¥800 million bank loan to replace the initial ¥200 million, but couldn’t get financing to replace the other money.

Miyahira and his colleagues covered the misappropriation with false statements from 2001~2006, but the facts came out during the land owners’ annual meeting last month. Miyahara has borrowed ¥70 million and put it back into the rental account, but it remains ¥160 million short.

Browse News Stories: « Previous Story | Next Story »

weather currency health and beauty restaurants Yellowpages JU Blog

OkistyleJU FacebookOkistyle

Go to advertising PDF?||?|o?L?qAE?|?}?OA?N?ga`OkiStyle?A??q?qM?oeu^?I`??N?gX?<eth>?<ETH>?ni^?IWanted!!Golden Kings ScheduleOkiNightSeeker