Former lawmaker Toshio Yamauchi arrested for embezzlement
Japanese police arrested former lawmaker Toshio Yamauchi on Sunday on suspicion of embezzling some 100 million yen from a joint venture he co-led.
The money was allegedly embezzled by the 74-year-old former member of the House of Councilors to finance his private real estate purchases in Kyoto City and Higashikagawa, Kagawa Prefecture, around March 2019, according to the Tokyo Metropolitan Police Department. .
The joint venture was created in April 2018 by Yamauchi, former Minister of National Education, and a real estate investment company in Takamatsu, the capital of Kagawa, to buy and resell a hangar at Haneda Airport in Tokyo, according to sources familiar with the matter.
The real estate investment company funded the joint venture, and Yamauchi and others engaged in sheds buying and reselling proceedings.
In an interview with Jiji Press before the arrest, Yamauchi denied the allegations of embezzlement, saying the money in question was borrowed from the joint venture and that he plans to return it after making a profit.
Yamauchi was first elected to the Upper House under the Liberal Democratic Party ticket in 1998 and became state education minister in 2008. He left the PLD and retired from politics. in 2010.
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