The Japanese bicycle maker is suspected of falsifying capital increases.

Maruishi: the bike trade’s Enron?

Maruishi Cycle Industries Ltd of Tokyo is said by police to have provided its own funds to those affiliated with stock subscribers, reports the Kyodo News agency.

The police suspect that Maruishi, listed on the Second Section of the Tokyo Stock Exchange, made the ‘double gearing deals’ with several companies since 2002.

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