Police on Thursday got an arrest warrant for the president of a bankrupt ironworks construction firm for allegedly killing a man in a truck crash earlier this month in Yatomi, Aichi Prefecture.

The victim in the crash was falsely identified as the president, Kiyoshi Hasegawa, 53, and police suspect the accident was preplanned as part of an insurance fraud scheme.

The victim, who was in the passenger's seat at the time of the crash, was identified by police as 52-year-old Kazumi Ito of Kanie, Aichi Prefecture. Police raided Hasegawa's home-cum-office Thursday night.

After the accident, Ito was misidentified as Hasegawa, who ran the ironworks construction company in the same town, apparently deliberately.