Japan tech worker accused of taking $7.4mil found dead

Japanese media reported that the Japan Display employee was found unconscious at a Tokyo hotel on Nov 29, 2019, and died at a hospital.
PHOTO: Reuters

TOKYO - A Japan Display employee accused of taking 578 million yen (S$7.4 million) of company money through fake deals has been found dead, according to Japanese media reports.

Police and Japan Display declined to comment on the reports Monday (Dec 2).

NHK and other outlets cited unidentified investigators as saying the man was found unconscious at a Tokyo hotel on Friday and died at a hospital.

Asahi Shimbun reported the fired employee left a note saying, "I apologise with my death."

The Tokyo-based maker of displays said in November that the worker had been fired and that it had filed a criminal complaint against him. It said the employee made the illicit payments over four years and the losses were discovered through a whistleblower.

It said in a separate statement last week that the employee claimed he was following orders. The company said it had expanded the investigation to the years before 2018.

Japan Display has apologised to shareholders, customers and other parties for the scandal.

The company was formed in 2012, when Japanese rivals Sony, Toshiba, and Hitachi combined their display operations.

It has racked up red ink for the last five years and has been seeking help from various backers, including the government-supported Innovation Network Corp. of Japan.