Business | Oct 01

Budget sushi mogul arrested for allegedly stealing trade secrets

TOKYO, Oct 01 (NHK) - Tokyo police have arrested the president of the operator of one of Japan's largest sushi chains on suspicion of fraudulently obtaining confidential information on a rival company.

The Metropolitan Police Department on Friday arrested Tanabe Koki, the president of Kappa Create, which operates the Kappa Sushi conveyer-belt restaurant chain.

Investigators allege that the 46-year-old president stole confidential corporate data from rival sushi chain Hama-Sushi in 2020 in violation of the unfair competition prevention law.

Tanabe served as an executive at Hama-Sushi before joining Kappa Create in 2020 as its new vice president. Last year, he was promoted to president. ...continue reading

Source: ANNnewsCH

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