25 Feb '17, 9pm

Japan PM caught up in scandal over pre-school - The Straits Times

The land deal that turned Tsukamoto Kindergarten from a subject of raised eyebrows into a full-fledged scandal took place last year, though the details took months to emerge. The Finance Ministry allowed Moritomo Gakuen, the foundation that runs Tsukamoto, to have a 0.80ha vacant lot near an airport in an Osaka suburb for 134 million yen (S$1.7 million), according to government records. The land was for a new elementary school to be built by the foundation. The price, which was initially kept sealed, was surprisingly low. The ministry had earlier assessed the land's value at 956 million yen, seven times higher. In comparison, a neighbouring plot only slightly larger was bought by the local municipality for 1.4 billion yen in 2010. The ministry said it lowered the price to account for clean- up costs that Moritomo Gakuen would have had to bear. It also said the lot containe...

Full article: http://www.straitstimes.com/asia/east-asia/japan-pm-caugh...

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