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Angura Ranch Refuses to Grant State Compensation to Investors, Claiming "Failure to Regulate Led to Increased Damage" (Kyodo News)
Summary by 熊本日日新聞社
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In a lawsuit filed by 1,279 investors seeking approximately 6.3 billion yen in state compensation, alleging that their losses were exacerbated because the government failed to exercise its regulatory authority, such as issuing a business suspension order, regarding the wagyu beef ownership program of the bankrupt Angura Ranch (Tochigi Prefecture), the Tokyo District Court (Presiding Judge Yoshiki Ogawa) ruled on the 26th to dismiss the claim.
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