Prudential Japan CEO to resign after staff embezzle funds, Asahi newspaper reports
ReutersJan 16, 2026 2:59 AM
TOKYO, Jan 16 (Reuters) - The CEO of Prudential Financial's Japan life insurance branch will resign following revelations of misconduct by about 100 employees involving about 500 customers including embezzlement of funds, the Asahi newspaper reported on Friday.
The misconduct amounts to about 3.1 billion yen ($19.60 million), Asahi said, without citing its source.
CEO and President Kan Mabara is set to step down effective February 1, the paper said, adding that Japan's Financial Services Agency would make an announcement in the near future.
($1 = 158.1600 yen)
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.TradingKey
5 hours ago
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion TreTradingKey
19 hours ago
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
