MUFG bank, Japan and safe deposit box

Japan bank executives take pay cuts after employee is accused of stealing from safe deposit boxes
Executives at a leading Japanese bank have apologized and taken pay cuts after police arrested an employee who allegedly stole about $9 million worth of valuables from customers’ safe deposit boxes.
Ex-employee of Japan’s largest bank MUFG arrested for allegedly stealing 20kg of gold
A former employee of the MUFG Bank has been arrested for allegedly stealing 20 kilograms of gold bullion worth 260 million yen (US$1.6 million) from customers’ safe deposit boxes.
Ex-MUFG Bank employee arrested over theft of 20 kg gold deposits
At least 60 clients have been victims of the safe deposit box thefts, with the total damage expected to exceed ¥1 billion.
MUFG Bank CEO to Take Pay Cut Over Safety Deposit Box Theft
Mitsubishi UFJ Financial Group Inc. said its banking unit chief and other senior executives will take pay cuts to take responsibility for the theft of millions of dollars from customers’ safety deposit boxes.
MUFG execs take pay cut after safe deposit box incident
The bank is also strengthening its safe deposit box checks and procedures. Five senior executives of MUFG, including its board chairman and CEO, are taking up to a 30% pay cut for three months following an incident where an ex-employee stole from safe deposit boxes.
Bankers forced to take pay cuts after co-worker steals $9 million from safe deposit boxes
Yukari Iwamura was arrested after she allegedly stole valuables including gold bars from the safe deposit boxes of customers.
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