Exchange of Notes concerning the sharing between the Government of Japan and the Government of the Swiss Confederation of the confiscated assets in the case of money laundering.

April 22, 2008

On April 22(Tuesday), notes concerning the sharing between the Government of Japan and the Government of the Swiss Confederation of the confiscated assets in the case of money laundering were exchanged between Mr. Nobuyasu Abe, Ambassador of Japan to the Swiss Confederation, and Ambassador Paul Seger, Federal Department of Foreign Affairs of the Swiss Confederation.
By the exchange of notes, the two Governments have agreed, as a result of discussions, that the Government of the Swiss Confederation shall transfer to the Government of Japan CHF 28,979,738.88, which represents approximately 50 percent of the confiscated assets held by the Canton of Zurich. The confiscated assets were criminal proceeds transferred to a bank in Zurich by Susumu Kajiyama, a leading member of gangster organization “Goryokai”, who obtained the criminal proceeds through violation of the “Law concerning the Regulation of Receiving of Capital Subscription, Deposits, Interest on Deposits, etc”.
The assets to be transferred to the Government of Japan by the exchange of notes will be distributed to the victims of the case by Susumu Kajiyama to recover their damages, in accordance with the “Act on Payment of Damage Recovery Benefits and Crime Victim Property, etc”.

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