crime

Company exec robbed of Y20 mil by three men

17 Comments

A 70-year-old company executive was robbed of approximately 20 million yen on a road near Takadanobaba Station in Tokyo, police said Saturday.

According to police, the robbery occurred at around 2 p.m. Friday. TBS reported that the man had just withdrawn the money from a bank. As he was exiting the building, the man was surrounded by three men who grabbed his bag and fled.

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17 Comments
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A 70-year-old company executive was robbed of approximately 20 million yen

That's about $200,000 USD.

You would think the bank would have arranged, or at least strongly encouraged, some sort of armored transport or other service. Common sense was sorely lacking here both on the part of this man and his bank.

4 ( +4 / -0 )

He was robbed by his own Gang.. You are right large sums of money like this are transport via armored guard service. I bet the old man has an insurance policy or some asset to replace the so-called stolen Money// Trust me the Cops are watching this fool.. LOL****

-1 ( +1 / -2 )

This almost ties directly into a lot of what was being said on the thread about Apple and the cell-phone payment function, with many pointing out how Japan is cash-based and being wrong about crime here, etc. Why on earth would you carry so much cash on you??

-3 ( +0 / -3 )

@MrGeeeSEP. 14, 2014 - 09:45AM JST He was robbed by his own Gang..

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Will you write the source of your info? The name of his corporation?

-1 ( +0 / -1 )

agree with everyone here, is it not suspicious in itself that he felt the need to pay 20m yen in cash rather than do a transfer? Unless he works for Olympus, then it's all above board for sure :)

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Japan is a cash based country. Some stores, you have to pay cash. Maybe he wanted to buy a real mink coat for his grand daughter's brithday? Maybe he withdrew to pay monthly payment for his mansion? With his age he may not trust credit card. Or maybe he withdrew to play in illegal gambling house on that weekend? It is his money anyway, He is an executive and so he must be making pretty good salary, It could be he deposited his paycheck and withdrew spending money from his account.

-1 ( +0 / -1 )

Credit card, or bank transfer , no real world country other than japan uses these amounts of cash to make payments these days unless its for drugs, protection or some other underhand practise or racket.

How about even dare I say it use a Cheque when making large payments.

There is more to this story than meets the eye.

Who would know which random person was withdrawing this amount of cash and to rob him just at random?

Its a setup one way or the other.

-1 ( +0 / -1 )

Who would know which random person was withdrawing this amount of cash and to rob him just at random?

My thoughts as well.

1 ( +1 / -0 )

There is many laws regarding big cashy in Japan, similar in USA. CTR ($10,000 total in a year in USA)

The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Laws

The Japanese Government has required Japanese financial institutions, etc. to identify and verify customers under the Act on Prevention of Transfer of Criminal Proceeds and the Foreign Exchange and Foreign Trade Act, as part of countermeasures against money laundering activities and the financing of terrorism. Under these circumstances, banks will identify and verify customers when they open a new account and/or perform large cash transactions, domestic cash transfers of more than 100,000 yen and overseas remittances, etc. Banks are also required to report transactions that are suspected of being related to criminal proceeds by the Act.

-1 ( +0 / -1 )

Toshiko: While there are a lot of stores here that only accept cash, I'm pretty sure that any store that is dealing in items with that big of a price tag are well capable of taking credit cards.

0 ( +0 / -0 )

When was the last time you paid $200,000 with $100 bills? Or 20,000,000yen in 10,000yen notes and please tell what it was you bought as it was not a packet of gum. Possibly a car or a house or a bribe?

0 ( +0 / -0 )

There are only two feasible scenarios here. Somebody working at the bank alerted outside confederates, who then rolled the man. The second, far more likely, is that someone already known to the victim lay in wait for him after he withdrew the money. Assuming that's the case, the other question is whether the victim was in on it or not.

0 ( +0 / -0 )

There are still hundreds, probably thousands, of companies paying their wages in cash. Cash is still a major player.

2 ( +2 / -0 )

When was the last time you paid $200,000 with $100 bills? Or 20,000,000yen in 10,000yen notes and please tell what it was you bought as it was not a packet of gum. Possibly a car or a house or a bribe?

OK. When I bought my first apartment in Japan I paid some 30 million yen in cash. I met the previous owner at the bank with my lawyer, the real estate agent and a judicial scrivener. The bank counted out all the money, wrapped it up and placed it in two shopping bags. The seller was a woman in her late fifties. She was planning to carry the cash back to Tokyo on the shinkansen. She had brought a young man with her who, while he looked rather nondescript, I assume was her muscle.

Some people like cash. What's the problem with that?

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@AmidalismSEP. 15, 2014 - 05:27PM JST Toshiko: While there are a lot of stores here that only accept cash, I'm pretty sure that any store that is dealing in items with that big of a price tag are well capable of taking credit cards.

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There are many business that accept cash, or paid by ATM. especially expensive merchandise.

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I am with oyato's suspicion,

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Inside job and insurance fraud, most probably.

-1 ( +0 / -1 )

Company exec robbed of Y20 mil by three men

Someone must of owed a snack a lot of cash....

0 ( +0 / -0 )

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