A former manager of Tokyo Sowa Bank was arrested Monday for allegedly defrauding the now-bankrupt bank of 30 million yen in 1999 by saying the money had been loaned to a company president, Tokyo police said.
Eiichi Kawamoto, 41, homeless and unemployed, was arrested on suspicion of fraud. He was the former manager of Tokyo Sowa's Sendagaya branch, Metropolitan Police Department officials said.
According to police, in January 1999, Kawamoto persuaded a Tokyo real estate company president to request a 30 million yen loan from the Sendagaya branch and deposit the money in a bank account, which Kawamoto would later draw on. The suspected crime was discovered during a regular in-house inspection. The bank subsequently dismissed Kawamoto and lodged a criminal complaint with the MPD.