Mitsubishi UFJ Monetary Group mentioned it has fired an worker who allegedly stole as a lot as ¥2 billion ($13 million) from the protected deposit bins of roughly 60 purchasers.
The theft befell at two branches in Tokyo over 4½ years earlier than it was found on Oct. 31, MUFG’s important banking arm mentioned in an announcement on Friday. Japan’s largest financial institution is investigating the incident and consulting with the police, it mentioned.
The front-line worker was answerable for managing the protected deposit bins and “took benefit of this place” to open them with out permission, the financial institution mentioned. The market worth of the damages was ¥1 billion to ¥2 billion. The individual has admitted to the wrongdoing and has been dismissed.
“This act not solely undermines the belief and confidence that clients have positioned in us but additionally shakes the very basis of our enterprise,” MUFG mentioned, including that there have been no related incidents in different branches.
The financial institution is “contemplating and can swiftly implement applicable compensation” for damages incurred by purchasers in addition to measures to stop a recurrence, it added.
MUFG is the newest main Japanese monetary agency to disclose alleged crimes dedicated by rank-and-file employees. Nomura Holdings mentioned this week {that a} former worker has been charged on suspicion of theft, tried homicide and arson after he allegedly drugged and stole money from an aged consumer at their house in Hiroshima.
