Posted by debito on September 9th, 2009
Hi Blog. Sorry to be so late in reporting this, but some good news a couple of weeks ago: Eikaiwa NOVA embezzler and former boss Saruhashi gets his: sentenced to 3.5 years in the clink. No word if the employees are going to get their money back, however.
More background details on this case here (plug in the word “sahashi”) into search engine. More on Debito.org here.
Arudou Debito in Nagoya
Nova boss handed 3 1/2 years
By ERIC JOHNSTON
The Japan Times Thursday, Aug. 27, 2009
OSAKA — Former Nova President Nozomu Sahashi was sentenced Wednesday to 3 1/2 years in prison by the Osaka District Court for his role in skimming off employee funds in 2007, just before the foreign language school giant’s bankruptcy that October.
Presiding Judge Hiroaki Higuchi’s severe sentence took some in the courtroom by surprise. Prosecutors had sought five years for the former president of what was once the country’s largest foreign language school chain and employer of foreign nationals. Sahashi is expected to appeal the sentence. …
Sahashi was charged with funneling nearly ¥320 million from employee benefit funds to a bank account belonging to a Nova affiliate in July 2007. He denied embezzling the funds, telling the court he used the money on behalf of his employees.
He tried to portray himself as only one of a group of senior Nova executives responsible for the decision. But the judge said that given the amount of money and his authority, Sahashi bore a heavy responsibility for the crime.
Rest of the article at