July 4, 2022

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Ufotable Founder Hikaru Kondo Sentenced To 20-Month Imprisonment Over Tax Evasion

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Ufotable Founder Hikaru Kondo Sentenced To twenty-Month Imprisonment Over Tax Evasion

Ufotable Founder Hikaru Kondo Sentenced To twenty-Month Imprisonment Over Tax Evasion

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Hikaru kondo admits tax evasion

The prosecutors are searching for a 20-month jail sentence after the primary trial of anime studio ufotable founder and former president Hikaru Kondo, indicted for violating the Company Tax Act and the Consumption Tax Act began on seventeenth September.

In accordance with TBS, on Monday, the prosecution claimed that Kondo directed the corporate to fraudulent accounting when massive income have been made and that the cover-up was “thorough and ingenious.”

He was sentenced to 1 yr and eight months in jail for “denying the company accountability of paying taxes in good religion.”

The ultimate verdict can be held on December 10.

Kondo admitted to the costs laid out of violating the Company Tax Act and Consumption Tax Act by failing to pay 138 million yen (about US$1.25 million) in taxes at a preliminary listening to by the Tokyo District Courtroom on September 17.

Throughout the identical listening to, Kondo issued an apology to his followers and different stakeholders, admitting that he thought his tax evasion would “not carry bother to [ufotable].”

The prosecution stated in its opening assertion that ufotable and Kondo hid a part of the earnings from the corporate’s cafes and merchandise from 2015 to 2018 as a way to buffer towards future downturns in enterprise. The studio allegedly hid about 441 million yen (about US$4 million) in earnings.

After the formal indictment of Kondo and ufotable on July 9, ufotable acknowledged the indictment of the Tokyo Public Prosecutor’s Workplace and gave assurances that the corporate had already filed a corrected tax return and paid the suitable quantity.

The Mainichi Shimbun reported final yr that Kondo purportedly hid about 30% of the proceeds from a few of ufotable’s anime-themed eating places in Tokyo and saved them in a non-public protected at residence.

Supply: TBS information By way of ANN

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