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Maruishi's former president arrested again - BikeBiz

Maruishi's former president arrested again

The Japanese bicycle maker is still under scrutiny for cooking the books and former execs have once again been called in for questioning.
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According to the Kyodo News agency, police in Tokyro re-arrested Yoshio Yagi, the former president of Maruishi Cycle Industries Ltd. He was held on suspicion of arranging a dubious capital increase.

Also served with a fresh arrest warrant was Yukio Mera, head of Maruishi Cycle's accounting division, who has also been under custody over fraudulent documents regarding a capital increase in a separate case.

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