Official announcements from the Financial Services Agency or financial news reports

Mitsubishi UFJ Bank Apologizes Over ¥1 Billion Theft by 40代女性行員, Impacting 60 Clients

Dec 16, 2024, 07:08 AM

Mitsubishi UFJ Bank is facing a significant scandal involving the theft of valuables worth over ¥1 billion ($6.5 million) from customer safe deposit boxes by a former employee. The incident, which reportedly spanned over four years, involved a female employee who misused a spare key to access the safe deposit boxes at two branches in Tokyo. Following the revelation, the bank's president, Junichi Hanzawa, publicly apologized, stating that the incident undermines the trust that is fundamental to banking. In response to the theft, the Financial Services Agency has issued a report request to the bank, and measures are being considered to prevent future occurrences, including stricter management of spare keys. The bank has also begun a compensation process for affected customers, as it becomes clear that dozens may have been impacted by the theft. Hanzawa emphasized the seriousness of the situation, describing it as a matter that shakes the very foundation of the bank's business integrity.