2 men arrested on suspicion of defrauding Asashoryu of 100 mil. yen

Police arrested two men Wednesday on suspicion of swindling about 100 million yen in cash from former yokozuna sumo wrestler Asashoryu in April 2009. Takeo Kikuchi, 77, and Takaharu Kumada, 63, allegedly defrauded the money in two installments from Asashoryu by lying to him, saying they planned to cash in gold bars stored in the Philippines and needed to borrow 100 million yen to pay for overdue storage fees, according to the Tokyo Metropolitan Police Department.The police also allege that Kikuchi told Asashoryu that he would spend one trillion yen on the development of Mongolia, the former yokozuna’s home country, if the gold bars could be converted into cash.

The firm where the two worked as executives was a bogus company and the men claimed to be “brokers” when arrested, according to police, who are also investigating how the money has been spent. They did not reveal whether the two arrested man have admitted to the allegations.

Asashoryu retired in February 2010 over allegations of assault.

(Mainichi Japan) November 30, 2011

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