BY HIROYUKI KACHI
TOKYO?Japanese police on Tuesday arrested the president of asset manager AIJ Investment Advisors Co. and three others after they allegedly sold funds with the knowledge that performance figures had been fabricated, the latest development in a scandal that has rocked the country's pension fund industry.
Police said that Kazuhiko Asakawa, the president of AIJ, and three others are suspected of defrauding two corporate pension funds?one in Tokyo and the other in Nagano, northern Japan?out of a combined ...
BY HIROYUKI KACHI
TOKYO?Japanese police on Tuesday arrested the president of asset manager AIJ Investment Advisors Co. and three others after they allegedly sold funds with the knowledge that performance figures had been fabricated, the latest development in a scandal that has rocked the country's pension fund industry.
Police said that Kazuhiko Asakawa, the president of AIJ, and three others are suspected of defrauding two corporate pension funds?one in Tokyo and the other in Nagano, northern Japan?out of a combined ...
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