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The Independent UK
The Independent UK
National
Mari Yamaguchi

Japan's largest bank apologizes over theft of millions of dollars from safe deposit boxes

Japan Bank Theft - (Copyright 2024 The Associated Press. All rights reserved)

Japan’s biggest bank apologized Monday for the alleged theft by an employee of more than 1 billion yen ($6.6 million) from customers’ safe deposit boxes.

The bank, formally known as Mitsubishi UFJ Financial Group, Inc., said Monday that it was investigating and that verified thefts from about 20 of the 60 clients thought to have been affected amounted to 300 million yen (nearly $2 million). Compensation was being worked out, it said.

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