TOKYO (TR) – Tokyo Metropolitan Police have arrested a male government often known as “The great con man” for embezzling over 800 million yen by depositing the proceeds from the unauthorized sale of land into accounts of an organization he managed, reviews TBS News (Feb. 19).
In December 2022, Yasuo Matsuzawa, 74, and one different suspect for allegedly working with accomplices to embezzle 832 million yen from the sale of land in Higashimatsuyama City, Saitama Prefecture that was owned by actual property firm Hanamasa.
The land is price over 1 billion yen, police stated.
Upon his arrest on suspicion of embezzlement, Matsuzawa, who lives in Shibuya Ward, denied the allegations. He stated, “Embezzlement in the course of business is unthinkable.”
According to police, Matsuzawa fraudulently altered land registration varieties as a way to impersonate the consultant of the corporate that owned the land.
The suspect additionally had a lady who labored in accounting at Hanamasa and others switch the proceeds into two accounts for a corporation he managed.
The embezzled funds have been used for investments and the acquisition of luxurious automobiles, police stated. Matsuzawa can also be believed to have used 250 million yen of the quantity for the acquisition and upkeep of a gravel transport ship.
Known as “The great con man,” he’s believed to have been within the strategy of acquiring funds to intervene in development of a Self-Defense Force base at the moment underway on Mageshima Island in Kagoshima Prefecture.