TOKYO (TR) – Tokyo Metropolitan Police have arrested three former employees of a Toshiba group company for allegedly defrauding the firm out of approximately 38 million yen through a sophisticated fictitious billing scheme, reports Nippon News Network (Sep. 30).
Hidetoshi Iwasawa and two other former employees of Toshiba IT-Control Systems are accused of placing fake orders for design work and other services with subcontractors between 2021 and 2022.
According to investigators, the trio allegedly funneled the company payouts for the bogus contracts into the bank accounts of acquaintances, effectively kicking the illicitly obtained funds back to themselves.
During their tenure at the company, Iwasawa and his accomplices worked in the systems department, placing them in a prime position to act as the primary liaisons for outside subcontractors.
Police have not disclosed whether the three men have admitted to the allegations. However, investigators are continuing to probe the trio’s activities, as they suspect the men may have orchestrated more than 250 million yen in fraudulent orders over time.
