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Japan prosecutors to build case on PM Kishida faction
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Japan prosecutors to build case on PM Kishida faction
Japanese prosecutors will build a case against a former accountant of a ruling Liberal Democratic Party (LDP) faction, previously led by Prime Minister Fumio Kishida, in connection with a political fundraising scandal, sources close to the matter said on Thursday.
The prosecutors have been investigating several LDP factions amid allegations that they failed to report revenue from fundraising parties in violation of the political funds control law.
The former treasurer of the faction, which Kishida left in early December, is expected to face a summary indictment as early as Friday for allegedly failing to declare around 30 million yen ($203,000) over the three years through 2020, the sources said.
Asked about the issue, Kishida told reporters he had been briefed about an “accumulation of errors” made by the faction that were in the process of being corrected, adding he was not aware of “something more than that.”
The prosecutors, meanwhile, plan to build a case against a secretary of former LDP Secretary-General Toshihiro Nikai for allegedly failing to report a portion of party ticket revenue that surpassed quotas set for the lawmaker, the sources said.
The faction’s slush funds are likely to have amounted to tens of millions of yen, the sources added.
LDP factions have traditionally set lawmakers quotas for the sale of party tickets, usually priced at 20,000 yen. In some groups, if lawmakers surpass their targets, the extra funds are passed back to them as a type of commission.
The LDP faction formerly led by late Prime Minister Shinzo Abe is suspected of failing to report hundreds of millions of yen in fundraising party revenue and creating slush funds over the five years through 2022.
An accountant of the Abe faction, the largest in the LDP, is set to be indicted without arrest for returning a portion of ticket sales revenue to lawmakers without reporting it, the sources said.
The political funds control law requires accountants to submit reports on income and expenditure. Failure to report can result in imprisonment for up to five years or a fine of up to 1 million yen.
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