Wednesday, March 12, 2008 (Kyodo)
2 women arrested for record-high inheritance tax evasion
Mar. 11 OSAKA, Japan
Hatsue Ri (in photo), a 64-year-old company executive,
and her sister Yoshiko Ri were arrested in Osaka on March 11 on suspicion of evading about
2.86 billion yen in inheritance tax, the highest figure for a case involving inheritance tax evasion recorded in Japan.
The two women are suspected of hiding about 5.93 billion yen inherited from their father,
who founded a group of eight firms including real estate leasing and loan companies.
March 11, 2008 AFP
Sisters in Japan hide millions in boxes
TOKYO - JAPANESE authorities on Tuesday arrested two sisters for allegedly hiding some S$80 million in cardboard boxes to evade tax on their inheritance, an official said.
It was the largest sum of inheritance money ever concealed from authorities in Japan, said the official from the National Tax Agency, which arrested the women in cooperation with police in the western city of Osaka.
Ms Hatsue Shimizu, 64, and Ms Yoshiko Ishii, 55, inherited money after their father, who was in the real estate and financial business, died three years ago.
'They concealed most of the money in cash' in a shed attached to Ms Shimizu's house, the Osaka tax official said.
'We have confiscated 50 cardboard boxes' packed with cash, he said.
The sisters, who hold South Korean nationality, allegedly failed to declare 5.9 billion yen (S$80 million) out of a total of 7.5 billion yen they inherited from their father.
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The South Korean shouted that it compulsorily went to the name of Japan.
The mass communication reports on South Korean's crime case by the name of Japan.
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