Police on Tuesday arrested an former Fuji Xerox employee for the embezzlement of 440 million yen. The suspect was fired in April of this year and the company subsequently reported the case to police.
Katsutoshi Masago, 41, was arrested for allegedly embezzling 440 million yen by selling 2,100 PCs which he had ordered under the company name in June, 2007. Police believe he had previously sold more PCs in the same way and has embezzled a total of 1.18 billion yen since February of 2002.
Police said Masago spent the money on his gambling debts. Masago admits the allegations, according to police.© Japan Today