Millions Stolen from Japan’s MUFG Safe Deposit Boxes: Bank Apologizes
Mitsubishi UFJ Financial Group (MUFG) issued a public apology for a significant theft of over 1 billion yen ($6.6 million) from customer safe deposit boxes at two Tokyo branches. A female employee, since fired, confessed to the crime, exploiting her access to steal cash and valuables between April 2020 and October 2023. The bank is investigating approximately 60 client accounts, with confirmed losses currently totaling nearly $2 million and compensation being determined. This incident follows a similar recent crime at another major Japanese financial institution, highlighting concerns about security and trust within the banking sector.
John Q. Hosedrinker