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Gainax president arrested for tax evasion

Sunday, July 18, 1999

Ageha Ito

Gainax president arrested for tax evasion

Sunday, July 18, 1999 in News & Info, Anime News. Leave a comment

The president of Gainax, the producer of such anime classics as Evangelion, Nadia, and Gunbuster, has had their president arrested last Tuesday for allegedly failing to report more than 1.5 billion yen in corporate earnings, thereby failing to pay 580 million yen in corporate taxes.

Mainichi Shinbun reports that Takeji Sawamura, 40, allegedly evaded paying corporate taxes by reporting fictious costs for company software during the years of 1996 and 1997. Tax accountant Yoshikatsu Iwasaki was also arrested on similar charges.

According to prosecutors, Gainax allegedly faked the costs by paying fees to software companies under false contracts. The companies then refunded the money back to Gainax, minus a premium.

In October, ANN reported the investigation of the company by prosecutors, who suspected tax fraud.

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