OSAKA —

Police on Tuesday arrested Nozomu Sahashi, former president of now-bankrupt Nova Corp, on suspicion of diverting around 320 million yen in July from an employee benefit fund to reimburse tuition fees to people who canceled contracts for language courses. Sahashi, 56, is being held on a charge of professional embezzlement, along with Toshihiko Murata, 49, an official who was in charge of accounting at the company. Sahashi has only admitted to part of the allegation, while Murata has admitted to it, according to the police
   
According to investigations, Sahashi and Murata are suspected of diverting around 320 million yen to a bank account of a company controlled by Sahashi on July 20. Almost all of the money came from a fund for an employee mutual aid association. The association was set up with Sahashi as chief and collected around 2,000 yen from each employee’s monthly salary to build up a fund for congratulatory and condolence payments as well as trips organized for employees, the investigations showed. The fund was run separately from the company’s accounts and controlled by Murata and others.
 

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6 Comments

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  spudman at 09:56 AM JST - 25th June

  hope he does time. i thin his LDP connections will keep him free though.

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  DenshaDeGO at 12:39 PM JST - 25th June

  they should empty his banks account and then toss him in the clink.

  Youdontknow - I wonder the same thing

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  telecasterplayer at 03:15 PM JST - 25th June

  yay!

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  ninjaboy at 03:48 PM JST - 25th June

  I met this guy years ago. He was an a-hole then too.

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  burikko at 06:48 PM JST - 25th June

  In 2006 the official of consumer of Osaka city received a complaint about NOVA. The city official summoned Sahashi. Sahashi visited mayor Seki with a Diet member. The city official had stopped investigation. If city of Osaka had dealt with this case in 2006, the event might not have followed in 2007.

  Name of the Diet member is Yasuhide Nakayama of LDP. This had been reported in major newspapers. So, I’m sure this comment will not be deleted.

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  Bovinus at 09:28 PM JST - 25th June

  Scumbags like that should get life but I bet he ends up doing less than 3 or 5 years.

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