Suspect also allegedly defrauded an elderly woman out of 150 million yen in cash
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Tax office said, 'We deeply apologize for damaging the trust of the public'
Matter emerged after management of the operator of the chain noticed the funds were missing
Masaki Nishikawa is alleged to have deliberately lost two races in July in exchange for payment by a second suspect
Suspect told police, 'I thought that a small operation like this would not be cracked down upon'
Yuri Mizuki, 19, died at a hospital 8 hours after her boat was struck from behind
Over the past two years, the gambling operation collected 40 million yen in revenue
Officers arrived at a residence in Nishinari Ward and discovered the buying and selling of betting tickets for boat races
Day six of the '29th Gold Cup' boat races in Toda, Saitama Prefecture.