Ex-Apparel Firm Head Arrested in 3rd Plea-Bargaining Case in Japan


Tokyo, Dec. 10 (Jiji Press)--Public prosecutors arrested a former head of apparel firm Glad Hand & Co. and a current official of the Tokyo-based company on Tuesday for alleged misappropriation.

This is the third case in which Japan's plea-bargaining system, introduced in June 2018, was used. The second case involved former Nissan Motor Co. <7201> boss Carlos Ghosn, who has been indicted on charges of financial misconduct.

In the misappropriation case, the former Glad Hand head, Daisuke Koda, 41, and the other suspect are charged with pocketing a total of about 5 million yen from a company office in Tokyo's Setagaya Ward between mid-July and mid-August this year.

The special investigation team of the Tokyo District Public Prosecutors Office did not disclose whether the suspects have admitted the charges. The total amount of Glad Hand funds embezzled by the duo may have actually reached tens of millions of yen, investigative sources said.

Under the plea-bargaining system, a Glad Hand employee is believed to have provided evidence of the suspects' embezzlement to the prosecutors, in exchange for immunity in the case.

[Copyright The Jiji Press, Ltd.]

Jiji Press