PHILIPPINES (TR) – A 37-year-old Japanese man needed by the Osaka Prefectural Police on suspicion of cash laundering has been arrested in Manila, native police have revealed.
According to Philippine authorities, Hiroyuki Kawasaki is suspected of conspiring together with his associates to arrange a number of paper firms and transferring roughly 5.6 million yen, together with 2.1 million yen in felony proceeds, to a different account, studies Fuji News Network (Aug. 28).
After committing the crime, Kawasaki fled to the Philippines. However, Philippine authorities arrested him as he was about to board a flight to Singapore on the airport in capital on August 14.
Liberton Group
Kawasaki performed a central function within the assortment company Liberton Group, which has roughly 500 paper firms below its umbrella and is believed to have repeatedly laundered cash by managing greater than 4,000 company accounts.
Osaka police obtained an arrest warrant for Kawasaki in May on suspicion of violating the Organized Crime Punishment Act for concealment of felony proceeds and different expenses. The warrant was made public in August.
Kawasaki is predicted to be deported to Japan, and Osaka police plan to arrest him upon his return. Thereafter, police plan to conduct a full-scale investigation, together with uncovering the complete extent of Liberton Group.
Two different suspects
Arrest warrants have additionally been issued for 2 different suspects, Takamasa Ikeda, 38, and 37-year-old Shinya Ito. They are additionally members of the Liberton Group. Like Kawasaki, additionally they fled to the Philippines after committing money-laundering crimes, studies TV Asahi (Aug. 31).
Ikeda has since left for Singapore, however it’s believed that Ito remains to be hiding within the Philippines.