Japan's financial watchdog searches offices of major used car dealer network Bigmotor Co. and casualty insurer Sompo Japan Insurance Inc. as part of a high-profile insurance fraud investigation.
Investigators searched the offices of Bigmotor Co. and Sompo Japan Insurance Inc. on Sept. 19 for evidence substantiating allegations of fraudulent auto insurance claims involving the two companies.
Police raided the headquarters of scandal-hit Bigmotor Co. on Sept. 15 on suspicion of destruction of property in connection with clearing roadside trees on public roads in front of its stores, sources said.
Police on Friday searches the headquarters of used car dealer Bigmotor Co. in Tokyo on suspicion of property destruction, investigative sources say after roadside trees near its dealership outlets were found to have withered unnaturally.
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