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Tottori Gas sues former president over ¥30 million transfer to his own firm

The utility says Taichi Kojima moved company money to a business he set up with his wife without telling the board, part of more than ¥1 billion sent without approval.

By Newsroom1 min read
Tottori Gas sues former president over ¥30 million transfer to his own firm
Tottori Gas sign (x)

Tottori Gas has sued its former president for ¥30 million in damages, saying he moved company money to a firm he set up with his wife without the board's approval, Kyodo News reported.

The utility, based in Tottori city, had already dismissed Taichi Kojima in September over more than ¥1 billion in unauthorized transfers, including payments into his personal accounts.

A lawyer representing Kojima said he will contest the claim in full.

The transfer

According to the complaint, Kojima was still president on June 24 when he told the company's then-head of accounting to pay ¥30 million to Enetopia Holdings, a company he had set up with his wife.

Kojima said he was "borrowing ¥30 million," the complaint states. The accounting chief did not defy the instruction and the money was sent from Tottori Gas's account.

The suit was filed with the Tottori District Court.