Pachinko Machine Wholesaler Indicted for Tax Evasion

The Tokyo Regional Taxation Bureau last week indicted Mamoru Fujimoto, president of the Ibaraki prefecture-based pachinko machine wholesale firm MYSS on suspicion of evading about 41 million yen (about US$370,000) in taxes.

According to those connected to the case, Fujimoto developed a scheme over the past couple years whereby false receipts were used to cover up some portion of the company’s income. In this manner, about 172 million yen (about US$1.5 million) was hidden from authorities. The cash was then kept in a safe deposit box and used for certain expenses.

Fujimoto declined to release any statement to the media about the charges. (AGB Nippon)