Seibu Railway controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2005
Ownership-record and securities-reporting scandal
The former Kokudo-controlled Seibu group faced scrutiny over shareholder records that obscured the true ownership of Seibu Railway shares. The controversy contributed to the company's delisting from the Tokyo Stock Exchange. Yoshiaki Tsutsumi was arrested in March 2005 on securities-fraud charges.