Ginza's 'property king' disappears - tokyoreporter.com The Tokyo District Public Prosecutor's Office special investigation squad accused Kawamoto of hiding 3.5 billion yen in earnings and arrested him in early March. Genshiro Kawamoto (328 matches): Phone Number, Email, Address - Spokeo By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. "He means well,"said Foth, who was eliminating graffiti Tuesday on one Kawamoto home and said he keeps an eye out for vandals and does maintenance projects for the landowner. 4607 Kahala Ave ( MLS# 1006464) is listed for $17.8 Million Prices range from $1.88 Million to $17.8 Million. By Adrienne LaFrance 05/22/2012 Hawaii has known of Genshiro Kawamoto for nearly a quarter century now, but still little is known about the famously reclusive real estate mogul. The Kawamoto chapter ultimately ended this week, as A&B sold the last three of the 30 properties. Print subscriber but without online access? CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM, Read this story for free: Watch an ad or complete a survey, Layoff count at Tesoro revised to 210 workers, Sam Choy's BLC will close at month's end after 15 years. Japanese Billionaire Is Raising Eyebrows, Razing Houses. Genshiro Kawamoto - Wikipedia Abandoned mansions of the world's billionaires - MSN The Tokyo District Public Prosecutor's Office special investigation squad accused Kawamoto of hiding 3.5 billion yen ($35.8 million) in earnings and arrested him in early March, the newspaper. Japanese billionaire's arrest tied to Kahala property - Hawaii News Now A Tokyo Shimbun article said Kawamotos company had nearly 700 tenants in 60 buildings in the Ginza area of Tokyo at the peak of the bubble but that occupancy has fallen to 80 tenants today with buildings almost empty. Alexander & Baldwin announced Tuesday that it has purchased 31 properties from Japanese billionaire Genshiro Kawamoto for $98 million. You are also agreeing to our Terms of Service and Privacy Policy. The buildings house clubs and bars. Kawamoto was occasionally informed of sales, and told the employee to juggle the accounts to keep the company "slightly in the red," the newspaper reported. "Its such a shame,"he said. Read Civil Beat's three-part series on Genshiro Kawamoto and Kahala neighborhood concerns, Land Barren: Japanese Billionaire Is Raising Eyebrows, Razing Houses. Reading time: 2 minutes. Marugen is a company that Kawamoto established in 1961 to seek real estate opportunities after closing a kimono shop he inherited from his family, and the business grew into a cash machine. Part of HuffPost Home & Living. TOKYO (TR) - Whispers are floating through the bars and clubs of Tokyo's Ginza entertainment district about what has become of property tycoon Genshiro Kawamoto. Genshiro Kawamoto in California - Spokeo He is also notable for controversial real estate investments in the late 1980s, when he bought more than 170 properties, including many O ahu homes. [2] The Yomiuri Shimbun newspaper, quoting the prosecutors office and other sources, said Kawamoto is believed to have played a leading role in Marugens tax evasion by not reporting rent from some tenants of the groups core company, Tokyo Shoji, and falsely listing losses under the guise of building sales. Lived In Sacramento CA. Genshiro Kawamoto in California. Japanese television network NTV reported that the money from the alleged tax evasion was used to buy art for Kawamotos planned Hawaii museum project. 3-Part Series on Meglomaniac Billionaire Industrialist and Real Estate If you're looking to enter Oahu's most publicized luxury market, now may be your chance. Also known as Gensiro Kawamoto. Includes Address (2) See Results. Prosecutors in Japan allege that Kawamoto evaded about $9 million in corporate taxes from his Marugen group companies, which operate more than 50 buildings in places such as Ginza in Tokyo and the Hakata and Kokura districts of Fukuoka prefecture, according to Japanese media reports. But in a statement Tuesday, Benjamin said: "Our experience and balance sheet strength allowed us to negotiate and close the all-cash deal in less than 90 days, once the seller indicated a willingness to sell, and we anticipate achieving investment returns consistent with our past Hawaii investments.". But his creations have been slow to emerge and largely remain unsightly. Gensiro Kawamoto (born 1932), Japanese Businessperson | World This 2014 report has background on the case following his original arrest. These include an 8,438-square-foot lot on Kahala Avenue, which closed for $1.3 million to a local buyer in December, and two nearby flag lots, which sold for $9.3 million to a Mainland buyer. Property tycoon accused of tax evasion posts Y500 mil bail in cash Japanese Billionaire Sells Honolulu Properties For $98 Million. An abandoned, almost Bond villain-like billionaire's mansion Already a subscriber? Alexander & Baldwin says it will refurbish the properties. In an interview with reporters before he appeared before the Tokyo District Public Prosecutors Office, Kawamoto said, "I havent evaded taxes, and I dont know anything about it (the charges)," the Yomiuri Shimbun reported in its English-language edition. Genshiro Kawamoto's abandoned mansion. Are there mansions in Japan? Genshiro Kawamoto. "I personally think its quite hideous,"she said. View Oahu luxury homes here. Kawamoto announced a plan in 2006 he dubbed "Kahala Avenue Mission" to rent nine homes to nine Native Hawaiian families for $150 to $200 a month, though complaints over housing discrimination led him to curtail the plan and provide three Hawaiian families with free residences since 2007. The local land development company bought 27 properties along Kahala Avenue, which represents 16 percent of the strip's residential lots, as well as two residential lots and a preservation-zoned parcel on Oahu's windward side and 146 acres of agricultural land in south Maui. The Japanese billionaire, who owns at least 30 luxury properties on Oahu, mostly in Kahala, was arrested on Tuesday in Tokyo on suspicion of failing to pay more than 800 million yen, or $8.5. Telephone: 808-529-4747. TOKYO (TR) - The Tokyo District Court last month handed Genshiro Kawamoto, a legendary property tycoon, a prison term for tax evasion, reports the Asahi Shimbun (Nov. 20).
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