Home » Business » Asa Kaigan Railway Chief Executive Arrested Loan Fraud Suspect | NHK Tokushima News

Asa Kaigan Railway Chief Executive Arrested Loan Fraud Suspect | NHK Tokushima News

In the third sector connecting southern Tokushima prefecture and Kochi prefecture, the managing director of the “Asa Kaigan Railway”, which operates DMVs that run on tracks and roads, said the amount was inflated last year. at the advertising company of which he was president. He was arrested on suspicion of fraud, etc., saying he defrauded a 4 million yen loan financial institution using a copy of the contract.

Hirofumi Minami (57), managing director of Asa Coast Railway, a third sector connecting the southern part of Tokushima prefecture and Kochi prefecture, was arrested.

According to police, CEO Minami was an advertising company in Matsushige-cho, of which he was president at the time, and from May to June last year he submitted a copy of a fake business delivery agreement with an amount inflated to a However, it is suspected of fraud etc. for defrauding the loan amount of 4 million yen.

The number in the contract amount column for local government jobs is said to have been rewritten to more than three times the actual amount, and the financial institution manager has been trusted and the loan has been withdrawn.

According to the police, he admitted the allegations.

The company received a decision to initiate bankruptcy proceedings from the Tokushima District Court in late January, about six months later, and police are investigating the current state of management and use of the funds.

The Asa Kaigan Railway, which connects Kaiyo Town in Tokushima Prefecture and Toyo Town in Kochi Prefecture, is a third-sector company funded by local governments along the railway line, and the president is Shigeki Miura, the mayor of Kaiyo Town.

Chief Executive Officer Minami is the top rail operating site, was hired in May of this year and was just named CEO in June.

Asa Kaigan Railway commented: “ I am very sorry to cause trouble.

Mayor Miura of Kaiyo City said: “Since the DMV started working, many people have used it and it is very regrettable that this has happened. We would like to cooperate with the police investigation and work to ensure that the operation is not hindered. “

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