Category: Nova

A group of 24 former students of failed language school operator Nova Corp. lodged a suit for damages Friday against former Nova management and two audit companies, seeking a total of 16 million yen in compensation to cover prepaid tuition. It was the first time that former Nova students have filed a class action suit…

The Osaka District Public Prosecutor’s Office announced Tuesday it will not indict the former president of Nova Corp. for failing to pay the salaries of non-Japanese teachers and Japanese personnel. Nozomu Sahashi, 56, is already under indictment for embezzling ¥320 million from reserve funds for corporate workers at the failed foreign-language school chain. http://search.japantimes.co.jp/cgi-bin/nn20080730b1.html

Nozomu Sahashi, former president of the bankrupt Nova Corp. language-school chain, was indicted Tuesday for embezzling corporate funds, prosecutors said. Sahashi, 56, allegedly diverted around ¥320 million from an employment benefit fund last July 20 to reimburse tuition fees for people who canceled their contracts for language courses. Sahashi has admitted to the allegations, changing…

Nozomu Sahashi, former president of failed language school chain Nova Corp., was indicted Tuesday by the Osaka District Public Prosecutors Office, on charges of misusing 320 million yen from an employees’ mutual aid group fund to refund student fees. The prosecutors decided to stop pursuing attempts to indict Toshihiko Murata, who was the president of…

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…

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…

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…

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…

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…

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…