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Police plan to put the previous president of an organization that leased out luxurious watches on a world wished listing for alleged embezzlement on suspicion that he offered timepieces borrowed from homeowners.
Tokyo police on Tuesday issued a home arrest warrant for Takazumi Kominato, 42, for allegedly promoting a Rolex wristwatch borrowed from a male consumer to a secondhand vendor in Osaka Prefecture for ¥650,000 ($4,380) in January.
Kominato’s firm, Neo Reverse, ran a rental service referred to as Toke Match, by means of which luxurious watches borrowed from homeowners are rented out to others for a hard and fast payment primarily based on their worth.
As of August 2023, Neo Reverse had 1,500 watches deposited with it, in line with its web site.
However on Jan. 31, the corporate abruptly introduced that it had ended the Toke Match service and that the enterprise was being dissolved.
Since then, studies have emerged about watches not being returned to their homeowners and deposited timepieces being offered by way of on-line auctions.
Kominato, 42, boarded a Dubai-bound flight at Narita Airport on the identical day that his firm’s closure was introduced.
| KYODO
The Metropolitan Police Division has acquired 27 studies since February in relation to the Toke Match service. It’s estimated that roughly 70 watches, with a complete market worth of round ¥100 million, have been offered with out the permission of their homeowners.
In response to investigators, Kominato boarded a Dubai-bound flight at Narita Airport on the identical day the corporate closure was introduced, prompting suspicions that he had absconded.
Instantly previous to his departure, he visited vintage sellers in Tokyo and Osaka, the place he allegedly offered luxurious wristwatches that clients had entrusted to him, investigative sources mentioned Thursday.
The Metropolitan Police Division is anticipated to subject a world arrest warrant by means of the Nationwide Police Company and different related companies.
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