Executives at a prime Japanese financial institution have are taking pay cuts after an worker stole round $9 million price of valuables from prospects’ secure deposit bins.
Former MUFG worker Yukari Iwamura, 46, was arrested on Tuesday after she allegedly stole 20 kilograms of gold bars from deposit bins belonging to 2 prospects on the financial institution’s Nerima department in Tokyo.
Police mentioned different costs could also be added later for the reason that losses reported by the financial institution are bigger.
MUFG financial institution mentioned the girl can also be suspected of stealing greater than $9 million price of property at two branches over a interval of 4 years.
The thefts had been uncovered in October after the financial institution acquired an inquiry from a shopper.
Iwamura admitted to stealing the gold bars and has since been fired, Kyodo Information reported.
She labored on the financial institution for 25 years and managed secure deposit bins.
The previous worker is believed to have inappropriately used a spare key saved on the Nerima department, Kyodo Information reported.
The gold was allegedly offered to pawnshops and consumers.
The financial institution has vowed to raised monitor the spare keys of secure deposit bins.
It mentioned prospects can be compensated for his or her losses.
“We sincerely apologize for the inconvenience and concern that is inflicting prospects and stakeholders,” MUFG mentioned in a press release.
It added that a number of executives on the financial institution can be taking a 30 p.c pay minimize over three months, together with Chairman Naoki Hori, Chief Govt Junichi Hanzawa and Managing Govt Officer Tadashi Yamamoto.
Two different executives may even obtain a 20 p.c minimize over three months.
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