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Papers sent on Nova, ex-president over wages
The Osaka Labor Bureau sent papers to prosecutors Monday on failed English language school operator Nova Corp. and its former president, Nozomu Sahashi, on suspicion of violating the Labor Standards Law for failing to pay wages to Nova workers. According to the bureau, Sahashi, 56, is suspected of failing to pay 105 million yen in…
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Osaka Labor Bureau reports Nova Corp., ex-President Sahashi to prosecutors
Labor authorities have reported former Nova Corp. President Nozomu Sahashi and the English language school chain to public prosecutors for failing to pay their employees. The Osaka Labor Bureau sent documents to the Osaka District Public Prosecutors Office on Monday accusing Sahashi, 56, and Nova Corp. of breaking Labor Standards Law. According to the labor…
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Nova ex-president Sahashi says he was solely responsible for embezzlement
Disgraced former Nova Corp. President Nozomu Sahashi has admitted that he was solely responsible for misappropriating money from the coffers of an employees’ welfare fund, police sources said. Sahashi, 56, who was arrested for embezzlement in the conduct of business after he was found to have misappropriated about 320 million yen pooled in a Nova…
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NOVA funds recorded as loan to president
Reserve funds for employees of failed language school chain Nova Corp. that had been transferred into an account for refunding student fees were recorded as a loan to its former president, Nozomu Sahashi, who is under arrest for misappropriating the funds, police said Wednesday. The Osaka prefectural police believe Sahashi instructed a Nova accountant to…
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1 billion yen unaccounted for at Nova
About 1 billion yen is accounted for at Nova Corp., the failed operator of a large foreign language school chain, sources close to the firm said. Osaka Prefectural Police are investigating how the money has been used. Nova’s records show that approximately 700 million yen was withdrawn from one of the company’s accounts in early…
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Police say ex-Nova boss hoarded riches on brink of bust
Disgraced former Nova Corp. President Nozomu Sahashi was in possession of a large amount of personal assets when the English conversation school was on the brink of collapse, police said. Sahashi, 56, from Osaka, was arrested on Tuesday on charges of embezzlement in the conduct of business after he was found to have used about…
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Ex-Nova head arrested over misused funds ‘320 million yen used to refund tuition fees’
Nozomu Sahashi, former president of the failed language school chain Nova Corp., was arrested Tuesday on suspicion of instructing the firm’s accountants to misappropriate the reserve funds of the firm’s employees. The Osaka prefectural police also arrested Toshihiko Murata, a former deputy manager of Nova’s accounting department and a former president of Nova Kikaku, a…
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Former Nova chief arrested
Sahashi grilled over misuse of ¥320 million in worker benefits The Osaka Prefectural Police served the warrant for the alleged embezzlement after questioning the 56-year-old Sahashi on a voluntary basis starting in the morning. Sahashi, who headed what was once Japan’s largest English-language school chain, is suspected of diverting the ¥320 million in reserve funds,…
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Nova, fired president face charges over unpaid wages
Failed English conversation school chain Nova Corp. and its sacked president Nozomu Sahashi are poised to face charges for not paying wages to about 400 employees, according to the Osaka Labor Bureau. Bureau officials are set to send documents to prosecutors accusing the company and its former president of failing to pay about 105 million…
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Police arrest founder of Japan’s top language school
Police on Tuesday arrested the founder of Japanese language school Nova on embezzlement allegations, capping the fall of a businessman whose company had hundreds of thousands of students. Police in the western city of Osaka arrested Nozomu Sahashi, the founder of what was Japan’s largest chain of language schools until last year, on suspicion of…