Executives at a prominent Japanese bank have issued apologies and accepted pay cuts following the arrest of an employee for allegedly stealing approximately 1.4 billion yen ($9 million) worth of valuables from customers' safe deposit boxes. The thefts, which occurred at two branches of MUFG Bank, were discovered in October of last year.
The dismissed employee is suspected of pilfering gold, cash, and other valuables from around 60 safe deposit boxes, totaling about 1.4 billion yen, as reported by the bank. MUFG Bank, one of Japan's top three megabanks, was established in 2006 through the merger of UFJ Bank and Bank of Tokyo-Mitsubishi.
