Hiroshima-based social welfare corporation Sun Phoenix, which operates special nursing homes for the elderly in that prefecture and in Tokyo and Okayama, effectively sold its management rights, which is not allowed by the central government, and about 3 billion yen in its bank account was siphoned away, The Yomiuri Shimbun has learned.
As most of the outflowed funds are now deemed unrecoverable, the social welfare corporation is facing civil rehabilitation proceedings.
