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

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.

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

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…