Police targeting ex-Nova president

Police are investigating the former president of the now-bankrupt language school chain Nova Corp. for possible breach of trust over a project that brought profits to an affiliate he controlled, sources said.

Nozomu Sahashi, 56, is suspected of having paid exorbitant prices for a server used in video-phone hookups for language lessons, sources said.

Police suspect he used his position to reap profits for his affiliated company, although the deal resulted in about a 500-million-yen loss to Nova, the sources said.

Investigators are trying to determine if Sahashi can be held for aggravated breach of trust stipulated under the corporate law, they said.

http://www.asahi.com/english/Herald-asahi/TKY200802130084.html

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