TOKYO –
Two males, together with the pinnacle of the Japan Cycling Association, have been arrested by the Metropolitan Police Department on suspicion of defrauding two males in Kagoshima Prefecture out of 30 million yen by falsely promising an enormous return on a purported patent-related funding.
The suspects have been recognized as Keiichi Nagasawa, 77, head of the Japan Cycling Association, and Eiki Nagatomo, 60, president of an organization that promotes itself as a know-how improvement agency.
Police allege that in 2023 the 2 males informed the victims that 30 million yen was wanted to file a patent utility and promised that in the event that they supplied the funds, they might obtain 600 million yen in return. The suspects are accused of acquiring a complete of 30 million yen in money from the 2 males by means of the scheme.
According to investigators, Nagatomo allegedly created the impression that he held patent rights associated to bicycles and different applied sciences. Police say Nagasawa additional strengthened the declare by presenting paperwork that falsely prompt the Japan Cycling Association supposed to buy these patent rights for 10 billion yen.
Investigators stated the suspects even confirmed the victims a fabricated letter of assure to persuade them that the transaction was official.
The Metropolitan Police Department has not disclosed whether or not the 2 suspects have admitted to the allegations.
Source: TBS