The director, who had been in charge of accounting at the AAA, conducted a bank transfer of over 180,000 yen (~$1650 USD at the time) from the AAA account to pay for the appliances. The director was found to have created false documents to cover the purchase, which was conducted online. The fraud was discovered in May, 2019 after other members of the AAA executive board investigated, and the director repaid the full amount the next month.
These details of the case had been kept internally among the executive board for the last five years. In the APSA censure issued this week, it directed the AAA to take action to ensure proper management and operation procedures.
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