Politician Ozawa’s vast real estate holdings

Politician and former Democratic Party Leader, Ichiro Ozawa, has been involved in a drawn-out trial over possible involvement in false reporting of political funds stemming from the 400 million Yen cash purchase of land in Fukazawa, Setagaya-ku, in 2004.

The indictment alleges that he conspired with three former aides in not listing the 400 million yen loan to Rikuzankai in its political funds report in 2004, and listing 350 million yen for the land purchase in a 2005 funds report, instead of for 2004. Also, the organization did not explain where the funds came from.

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