Japan’s largest financial institution apologized Monday for the alleged theft by an worker of greater than 1 billion yen ($6.6 million) from prospects’ protected deposit containers.
The financial institution, formally generally known as Mitsubishi UFJ Financial Group, Inc. (MUFG), mentioned Monday that it was investigating and that verified thefts from about 20 of the 60 purchasers thought to have been affected amounted to 300 million yen (practically $2 million). Compensation was being labored out, it mentioned.
The thefts occurred at two Tokyo branches of the financial institution from April 2020 till the tip of October this yr, when the issue was found.
MUFG’s president and CEO Junichi Hanzawa informed reporters the feminine worker accountable for managing the protected deposit containers and their keys is suspected of making the most of that place to steal money and different valuables.
“The case has undermined the customers’ trust and confidence and shaken the very foundation of our banking business,” Hanzawa mentioned. He apologized for inflicting concern and bother to MUFG purchasers.
MUFG mentioned the worker admitted taking the cash and utilizing it for investments and her private functions. She was fired and was cooperating with the financial institution’s inside probe and a police investigation however has not but been arrested.
After news of the thefts surfaced, dozens extra individuals got here ahead with claims of suspected losses that the financial institution is working to confirm, it mentioned.
The MUFG case is the second latest one involving legal exercise at a serious Japanese monetary establishment. In November, Nomura Holdings acknowledged {that a} former worker had been arrested on suspicion of theft, tried homicide and arson focusing on a shopper in Hiroshima.
Asked in regards to the MUFG thefts, the chief authorities spokesperson mentioned Monday that banking operations require excessive ranges of belief and a way of public service.
The case was “extremely regrettable,” mentioned Chief Cabinet Secretary Yoshimasa Hayashi.
Source: www.dailysabah.com