A member of the Yamaguchi-gumi, Japan's largest criminal organization, was arrested Kyoto on June 18 for the fraudulent purchase of an apartment.

According to the Kyoto Prefectural Police, the accused signed a contract on an apartment on December 20, 2011. The signing took place at a real estate agency in Kyoto's Nagakyo-ku. The property in question was a secondhand apartment priced at 16,750,000 Yen, which was to be used for the buyer's personal residence.

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.