TOKYO (TR) – Tokyo Metropolitan Police have arrested a 60-year-old man for allegedly defrauding a male enterprise companion out of almost 100 million yen in money by forging accounts receivable paperwork, stories TBS News (Feb. 18).
Around June final yr, Masahiro Kondo, allegedly created false paperwork stating that he held accounts receivable from an organization. He then had the enterprise companion, aged in his 60s, enter right into a fictitious contract that resulted in him being defrauded out of 92 million yen in money.
According to police, the suspect was working a “factoring” enterprise, which converts accounts receivable into money.
Upon his arrest, Kondo, who lives in Odawara City, Kanagawa Prefecture admitted to the allegations. He mentioned, “The company was facing financial difficulties. I’m sorry.”
Police mentioned the sufferer had been doing enterprise with Kondo for a number of years and trusted him.