The former managing director of an advertising agency that is a SoftBank subsidiary was rearrested on suspicion of embezzlement. An investigation report identified approximately ¥460 million in embezzlement, most of which was allegedly used for FX investments.
The former managing director, aged 52, was rearrested by the Metropolitan Police Department on suspicion of embezzlement. A related investigation report states that the amount embezzled totaled ¥460 million.\n\nAccording to the investigation report, most of the embezzled funds may have been used for foreign-exchange investments, commonly known as FX investments.\n\nThe case concerns an individual who was employed by an advertising agency that is a subsidiary of the SoftBank Group, and the investigation appears to be ongoing.\n\nThe Metropolitan Police Department said it would continue investigating the circumstances and clarifying the facts, and further announcements may be made.