MUFG Bank probed on employee's alleged involvement in insider trading

“The law forbids”

…blah blah blah!

Who will get prison time for this?

Nobody!

Japan’s laws apply to the poor, it’s obvious!

The song remains the same. Rake offs, insider trading, and all manner of financial shenanigans are par for the course here. Whatever punishments are meted out will be purely cosmetic and largely ineffectual. Despite all the pious blather and promises of remedial action to prevent a recurrence, we know better. Soon enough, the same JT bat channel will be regaling us with news of yet another case, complete with stock photos of corporate clowns inclining to the requisite degree and mouthing the same tired cliches about how regrettable it all is and making promises they’re not capable of delivering, not by a long shot. Gotta preserve that Wa.

This is not MUFJ first.

oyatoi - "The song remains the same"...A brilliant piece of writing!

More corporate corruption in Japan. Is there any sector or business in Japan that is not corrupt?

It is not "corporate corruption". It is a MUFJ employee.

wallaceToday  10:11 am JST

It is not "corporate corruption". It is a MUFJ employee.

You have highlighted a common misunderstanding of what corporate corruption is so allow me to clarify:

Corporate corruption generally involves unethical or illegal activities by a single employee or a group of employees or executives for personal or organizational gain. In this situation, an MUFG Bank employee allegedly engaged in insider trading by sharing confidential information about a client's tender offer with a family member, who then profited from stock trades based on that information. This breach of trust and violation of laws designed to ensure fair financial markets exemplifies corporate corruption.

The employee will be fired. The company will not be fined.

'Business as usual' nothing will be done about it. Every single bank does this btw.

> wallaceToday  11:34 am JST

The employee will be fired. The company will not be fined.

Companies are partly responsible for their employee's actions.

Plenty of cases where an individual did insider trading and the company was fined/