Overview
- The insurer said a former sales employee in her 70s defrauded 17 customers by pitching a fictitious high-yield product and issuing forged receipts.
- The scheme ran from 2010 through July 2025 and was uncovered in September after a customer raised concerns with the Gunma branch.
- Meiji Yasuda has reimbursed the approximately ¥200 million to affected clients and plans to seek repayment from the ex-employee.
- The employee, a veteran with more than 30 years of service, was dismissed for cause on November 28.
- The company apologized and said it will strengthen compliance, noting cash dealings with clients are prohibited and that it is checking for any additional cases.