*Index's former CEO and President arrested for fraud
[ x ] remove ads and scale site to 1080p+
[ x ] remove the ads & get mobile premium
pay whatever you want to upgrade
 
 

Index's former CEO and President arrested for fraud

7:22 AM on 05.28.2014  ·  Dale North@DaleNorth
0

Inflating profits

For falsifying financial records and inflating profits, former Index CEO Masami Ochiai and his wife, former Index president Yoshimi Ochiai, have both been arrested in Japan earlier today, Nikkei reports. Remember how Index was in a bit of trouble last year? Yep, it was them, up to no good.

This all came to light when Index, the former parent company of Atlus, filed for bankruptcy. An investigation went down and found that they fudged the books to avoid being delisted from the Japanese stock market.

Gematsu has translated details of the charges.

 
 

Enlighten an uninformed cougar: FacebookTwitterRedditEmail
 

#Atlus #index #japan #lawsuit
 
 
 
[x] advertisement
 
 


Dale NorthFormer Dtoid EIC // Profile & Disclosures
Fronts8200Blogs 50Following30Followers366

I am Destructoid's former Editor-In-Chief. I love corgis. I make music. more
Trending on Destructoid:

 
 


Join the robot army! We're a family-owned site, updating multiple times a day (since 2006!) thanks to our Huge Members

Snes Days
Snes Days


Since 2:08 PM on 04.21.2016

SpielerDad
SpielerDad


Since 5:24 PM on 02.08.2013

PassThePi
PassThePi


Since 12:49 PM on 11.25.2013

Dyganth
Dyganth


Since 4:18 PM on 01.29.2008

 

Please login (or) make a quick account (free)
to view and post comments.





Three day old threads are only visible to verified humans - this helps our small community management team stay on top of spam

Sorry for the extra step!