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Real estate president suspected of arranging offices for fraud rings

TOKYO (TR) – Tokyo Metropolitan Police have arrested a real estate president who is believed to have provided offices for fraud rings to use in their operations, reports Fuji News Network (Aug. 15).

Takuma Shimazu, the 38-year-old president of the real estate company, and employee Kenichi Shimanuki, 34, arranged for the rental of an office in Bunkyo Ward to a ring that specializes in so-called “special frauds” — often investment-related scams — in February of last year.

Shimazu denies the allegations, while Shimanuki admits involvement, according to the Ushigome Police Station.

Takuma Shimazu (left) and Kenichi Shimanuki
Takuma Shimazu (left) and Kenichi Shimanuki (Text)

Police believe the suspects helped arrange for 20 residences, which they referred to as hako-ya (feces house), to be used for the same purpose.