Japan’s largest bank apologizes over theft of millions of dollars from safe deposit boxes

Japan’s biggest bank, Mitsubishi UFJ Financial Group, Inc., apologized for an employee allegedly stealing over 1 billion yen from customers’ safe deposit boxes, with verified thefts of 300 million yen from 20 affected clients. The employee, a female manager, used the stolen money for investments and personal purposes, leading to her termination and cooperation with internal and police investigations. The incident has prompted additional claims of losses from customers, marking the second recent criminal activity case in major Japanese financial institutions.

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