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Three suspects, including SDH Holdings and executive Hajime Sumi, are under scrutiny for luring and defrauding 5,500 investors of 73 million Yen in bond purchases between 2022 and 2023. Of the amount, 43 billion yen was collected. The solicitation were purchases of corporate bonds of a Japan-affiliated company based in the Philippines without registration.
Executives stated that, “there are vast assets, so even if by chance the company goes bankrupt, we will sell the assets and repay.”
