Man steals for 17 mistresses | india | Hindustan Times
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Man steals for 17 mistresses

A court sentenced a 56-year-old man to 11 years in prison for embezzling millions from a major bakery firm to pay for his extravagant lifestyle including 17 mistresses.

india Updated: Apr 29, 2006 17:55 IST
AFP

A Japanese court sentenced a 56-year-old man to 11 years in prison on Wednesday for embezzling millions of dollars from a major bakery firm to pay for his extravagant lifestyle including 17 mistresses.

The Nagoya District Court in central Japan also fined Masaaki Matsubayashi 30 million yen (260,000 dollars) for stealing money from the health insurance scheme of Shikishima Baking Co. over several years.

Matsubayashi, a former head of the company's in-house insurance scheme, "became slave to his passions and embezzled money as he kept mistresses and wanted to continue a luxurious life," presiding Judge Shinichiro Ito said.

"There is no room at all to give leniency for the selfish motive," the judge said, as quoted by the Mainichi Shimbun daily on its website.

Matsubayashi was found to have pocketed 979 million yen from December 2000 to May 2005.

Along with earlier embezzlements not included in the charges because of legal technicalities, he is believed to have pocketed 1.9 billion yen since 1990.

Matsubayashi told an earlier hearing that he had not felt guilty about the effect on more than 7,000 members of the insurance scheme as he thought they were "sponsors who put up allowances for my mistresses," local media said.

His wife divorced him after 31 years of marriage on the day before he was arrested in July last year.

His aged mother told Nippon Television that she did not want her son to return home.

"I guess he should be taken care of by his mistresses," she told the private network on Wednesday.