Daio Paper ex-chief held over massive loans said for gambling
Admin | December 1, 2011
TOKYO (Kyodo) — Prosecutors arrested former Daio Paper Corp. Chairman Mototaka Ikawa on Tuesday in connection with his massive borrowings from Daio Paper group companies for personal use in gambling, alleging that he has caused 3.2 billion yen in damage to the firms. The 47-year-old Ikawa, grandson of the publicly traded papermakers founder, admitted to [...]