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Ex-Mitsubishi Electric CEO’s Son Charged With Violent Crypto Theft

The son of the former CEO of Mitsubishi Electric has been arrested in a violent crypto robbery and kidnapping case in Japan – which saw a crypto holder allegedly confined and beaten over period of 20 days.

Per Weekly Bunshun, Kyoto Prefectural Police arrested eight men on suspicion of kidnapping, assaulting, and confining an individual. Police said this was part of an attempt to steal some $0.75 million worth of tokens. Officers stated that Sugiyama Leo (30) was the group’s ringleader.

Sugiyama Leo was described as a “company executive” and gym operator living in Osaka. And his father, the news outlet noted, is Takeshi Sugiyama, who served as Mitsubishi Electric’s CEO from 2018 to 2021.

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