The Japanese bicycle maker is suspected of falsifying capital increases.
Maruishi: the bike trade’s Enron?
Maruishi Cycle Industries Ltd of Tokyo is said by police to have provided its own funds to those affiliated with stock subscribers, reports the Kyodo News agency.
The police suspect that Maruishi, listed on the Second Section of the Tokyo Stock Exchange, made the ‘double gearing deals’ with several companies since 2002.
In other news...
In the first of a five-part series, The Association of Cycle Traders (ACT), the largest cycle trade organisation in the UK, helps retailers boost their business. This month, a look at how the cost of living crisis will nudge more consumers towards cycling