4 asset managers in Japan arrested in aftermath of US$1.4 billion pension scandal

22 June 2012 | 1 minute read

Japanese authorities have arrested the president and three other employees of asset manager AIJ Investment Advisors in connection with a US$1.4 billion pension scandal. AIJ, which managed the money of roughly 90 small pension funds, allegedly suffered losses of $1.4 billion and hid them from its clients for almost a decade, prosecutors said. Authorities also accused Kazuhiko Asakawa, AIJ’s president,…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]