Japanese real estate tycoon Kawamoto's tax evasion arrest tied to Hawaii property

Japanese real estate tycoon Genshiro Kawamoto has been arrested in Tokyo on suspicion that he evaded paying more than $8.5 million in corporate taxes on commercial buildings he owns in Japan and reportedly used the money to fund a project at one of his more than two dozen homes in Hawaii.Kyodo News reports Kawamoto, 81, was arrested for hiding some 2.9 billion yen in revenue over a three-year period ending in December 2011, and avoiding paying some 862 million yen in taxes. Kyodo reports Kawamoto's…

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