Published 2 months ago

900 luxury watches worth nearly US$13 million 'go missing' in Japan

Summary by Ground News

Hundreds of luxury watches reported missing in Japan after online rental platform folded. Toke Match, a watch rental site based in the central Japanese city of Osaka, was set up to loan Rolexes, Omegas, Tag Heuers, and other expensive watches. The owner of the website has fled to Dubai, according to local media. Some of the watches have been spotted on online resale sites.

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Channel News Asia

900 luxury watches worth nearly US$13 million 'go missing' in Japan

TOKYO: Around 900 luxury watches worth almost US$13 million are missing in Japan after a site renting them out folded and its owner fled to Dubai, local media reported. The owners o

2 months ago·Singapore

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The Straits Times

900 luxury watches worth $17m ‘go missing’ in Japan as rental firm shuts down

Some of the timepieces have been spotted on an online auction site and in second-hand stores. Read more at straitstimes.com.

2 months ago·Singapore

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Malay Mail

Around 900 luxury watches ‘go missing’ in Japan

TOKYO, March 7 — Around 900 luxury watches worth almost US$13 million (RM61.2 million) are missing in Japan after a site renting them out folded and its owner fled to Dubai, local media reported. The owners of the Rolexes and other pricey timepieces earned monthly deposit fees by loaning them to Osaka-based Toke Match, which would then rent them to customers. Neo Reverse, the company that operated Toke Match, announced on January 31 the terminat…

2 months ago·Selangor, Malaysia

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Deutsche Welle

Japan: Hundreds of rentable luxury watches go missing

Hundreds of luxury watches worth millions of dollars have been reported missing in Japan after an online rental platform folded. The owner of the website has fled to Dubai, according to local media.

2 months ago·Germany

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Punch Newspapers

Rental luxury watches worth $13m go missing in Japan

Around 900 luxury watches worth almost $13 million are missing in Japan after a site renting them out folded and its owner fled to Dubai, local media reported. The owners of the Rolexes and other pricey timepieces earned monthly deposit fees by loaning them to Osaka-based Toke Match, which would then rent them to customers.

2 months ago

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Al Bawaba

900 luxury watches go missing in a $13M scam

ALBAWABA – Japanese authorities are on the hunt to return 900 luxurious worth $12.6 million to their 190 owners, as they were on a watch rental site called Toke Match before the site’s owner, who is suspected of selling he loaned from an owner back in January, fled to Dubai as reported by local media...

2 months ago·Amman, Jordan

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