TOKYO (TR) – Tokyo Metropolitan Police on Wednesday arrested a former employee at Mitsubishi Steel for allegedly defrauding the company out of approximately 300 million yen that was spent on luxury items and adult entertainment, reports the Sankei Shimbun (June 25).
For six years prior to 2012, Eisei Yamamoto, a 45-year-old former manager in charge of corporate expenses, is accused of utilizing 20 corporate credit cards in the names of retired employees to make lavish purchases, including Rolex watches, and visit hostess clubs.
The suspect also bought Shinkansen train tickets worth a total of 145 million yen, which he converted to cash, and presents for female bar employees (valued at 63 million yen).
Yamamoto, a resident of Matsudo, Chiba Prefecture, has reportedly admitted to the allegations. “I supported women working at hostess clubs,” he is quoted by police.
The matter came to light in November of 2012, when a superior noticed a receipt from one of Yamamoto’s purchases in a trash can. He was subsequently dismissed from the company, which filed a complaint with law enforcement in April of this year.