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Prudential Chairman Steps Down After Series of Fraud Cases (Kyodo News)
Summary by 熊本日日新聞社
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Prudential Holdings of Japan, a major foreign life insurance company, announced on the 14th that Chairman and CEO Motofusa Hamada has resigned. The announcement was made on the 6th. Former employees of Prudential Life Insurance, a subsidiary of the company, have been arrested one after another on suspicion of fraud, among other things, and the company has announced that it will "take responsibility for the scandal."
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