TOKYO (TR) – Tokyo Metropolitan Police has arrested the alleged mastermind behind a sprawling unregistered investment scheme on suspicion of laundering billions of yen in illicit profits, reports Nippon News Network (June 4).
Hiroshi Matsumura, 62, and an accomplice, 50-year-old Yoji Osaka, are accused of concealing approximately 4.4 billion yen in illegal proceeds between 2021 and 2024.
The pair allegedly disguised the illicitly gained funds as legitimate revenue by falsifying them as “corporate bond interest.”
Osaka, an affiliate of the investment firm Global Investment Lab, had already been taken into custody for soliciting investments for an overseas corporation without obtaining the required government registration.
Police suspect Matsumura served as the principal architect instructing the massive financial scheme. In total, the group is believed to have raked in a staggering 87 billion yen from investors.
Authorities have not disclosed whether the suspects admit to or deny the charges.
