There’s a rumor that a Japanese travel agency Terumi Club, which went bankrupted in March, 2017, had been controlled by a newly risen religion Taisei Kyokai.
The president of Terumi Club, Chikako Yamada, and an accountant of the company, Toshiyuki Sasai were arrested over fraudulent accounting cheating Mitsui Sumitomo Bank out of 2 million dollars. They submitted counterfeited invoices to the bank to get a loan. The invoices were about chartering an airplane, but they used the loan as a working capital, not for the airplane charter. Additionally, they underestimated their sales and evaded a tax payment. It continued to do window-dressing for 4 years.
According to the persons concerned, there was an altar in the office of Terumi Club, and sometimes people belonging to a religion Taisei Kyokai came to the office. The police and customers cheated are doubting that Terumi Club devoted their money to the religion.
The number of victims of Terumi Club’s cheat is 90,000, and the amount of damage is 100 million dollars. One of customers said that it’s not bankruptcy, it’s a malicious fraud case. Some experts say it’s difficult for customers to be refunded.
Japanese Travel Agency Terumi Club Goes Bankrupt