Mitsubishi UFJ Bank President Hanzawa apologizes after former employee misused safe deposit box key to steal money, explains measures to prevent recurrence at press conference [uncut]

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Mitsubishi UFJ Bank held its first press conference on the 16th regarding the case of a former employee stealing several billion yen worth of assets from customers that had been deposited in a safe deposit box. President Junichi Hanzawa emphasized that "this case shakes the foundations of the banking business, which is trust and credibility," and offered his sincere apologies to "our customers and all concerned parties." He also revealed that dozens of other customers may have been affected at two branches in Tokyo, and the damage, which was estimated to be several billion yen at present, may increase further. The former employee had misused a duplicate key to unlock the safe, and Mitsubishi UFJ Bank explained that it would implement measures to prevent recurrence, such as changing the management of duplicate keys for safe deposit boxes to be stored in a central location at headquarters rather than at the branch. Regarding disciplinary action against executives, including the president himself, he said, "We would like to consider specific measures as we proceed with the investigation and analysis and clarify responsibility." #presidentjunichihanzawa #safedepositbox #theftcase #mitsubishiufj

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