Four executives of the Singapore-based company, Sky Premium International, were arrested under suspicion of violating Japan’s Financial Instruments and Exchange Act by conducting unregistered investment activities. Over eight years, the company allegedly amassed approximately ¥135 billion from investors across Japan without proper registration. The majority of these funds have not been returned to the investors, prompting a detailed investigation by the police into the company’s financial operations and management practices. The executives, including CEO Atsushi Saito and Japan operations head Shinobu Mizushima, are accused of intermediating investment contracts without registration, specifically targeting individuals in Fukuoka and Hiroshima prefectures between 2019 and 2021. The police are now thoroughly examining the flow and management of the collected funds, while the legality and actual conduct of the promised FX trading operations remain unclear. Source: NHK
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