Local News

Fukuoka Case Highlights Underground Market for Religious Corporations

Fukuoka Prefecture police continue to investigate the takeover of a Buddhist temple in Fukuoka City, which has exposed some of the underground transactions involving the purchase and sale of religious corporations. Government sources and people in the real estate business explain that because religious corporations are given preferential tax treatment, there has been a rise in the number of transactions conducted for the purpose of evading taxes while operating a cemetery. Information on purchasing these corporations is now being spread on the Internet, and there are concerns that criminal gangs are becoming involved. In the Fukuoka City case, the land ownership rights of a temple were transferred to a company whose former CEO was a relative of a senior official in a designated criminal organization.

Published: Dec 26, 2008 / Last Updated: Dec 26, 2008

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