The Securities and Exchange Surveillance Commission is considering filing criminal charges against executives of scandal-ridden AIJ Investment Advisors Co. on suspicion of falsifying pension asset management results for years, according to informed sources.
The investigation by the commission, the Financial Services Agency's independent watchdog, has been conducted mainly by its Securities Business Inspection Division. After the probe is completed, the Investigation Division will start examining whether criminal charges should be laid against AIJ President Kazuhiko Asakawa and other executives, the sources said.
(Yomiuri)
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