Japan's largest bank apologizes for $6.6m in safe deposit box thefts

Mitsubishi UFJ Financial Group says employee hit 60 clients at 2 Tokyo branches

20241217 MUFG safety box theft AP24351255956973.jpg

Mitsubishi UFJ Financial Group Bank headquarter building is seen Monday, Dec. 16, 2024, in Tokyo. (AP Photo/Eugene Hoshiko) © AP

TOKYO (AP) -- Japan's biggest bank apologized Monday for the alleged theft by an employee of more than 1 billion yen ($6.6 million) from customers' safe deposit boxes.

The bank, formally known as Mitsubishi UFJ Financial Group, Inc., said Monday that it was investigating and that verified thefts from about 20 of the 60 clients thought to have been affected amounted to 300 million yen (nearly $2 million). Compensation was being worked out, it said.

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