Three men from Tokyo have been arrested after after being suspected of selling off otherwise worthless forestry to buyers at over 1,000 times the actual market value.
In 2013, a woman in her 70s from Aichi Prefecture paid the men 16 million Yen (157,000 USD) in cash for a little over 500 sqm of forestry after they told her that she could profit from a rise in land value as there were plans to redevelop the land into an airfield to aid in the reconstruction of the disaster-hit areas. There were no airfield plans and the actual value of the land sold was closer to 16,000 Yen (157 USD).
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