Osaka police have arrested 90 people after raiding four buildings in the city of Osaka on Tuesday that were occupied by a syndicate suspected of running an investment scam on social media. This marks a record number of arrests related to a syndicate involved in this kind of fraud in Japan.
Approximately 470 officers were deployed in the surprise search operation, carried out due to concerns over evidence being destroyed and the culprits escaping.
During the bust, the special fraud investigation division arrested eight individuals, including 43-year-old Yoshihiko Yamada and 40-year-old Daiki Shimauchi, both from the city of Osaka, as well as 30-year-old Hikari Nagai from the city of Izumisano, Osaka Prefecture, on fraud allegations.