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Tokyo police arrested two former Softbank Corp. employees and another man on suspicion of amassing 1.2 billion yen ($7.9 million) through a fraudulent investment scheme using the telecom giant’s name.

Keita yamaguchiKengo masudaRyo shimizuTabito fukutomiShingo moritaPolice departmentSoftbank corpMetropolitan police departmentItabashi wardHyogo prefectureMinato wardNational reportAsahi shimbun