what happened to genshiro kawamoto
Mulboyne on Twitter Last month, Civil Beat asked Chris Benjamin, president of Alexander & Baldwin, about word that the company was buying the properties but he denied anything was in the works. He got into trouble in his home country Japan for tax evasion. Yet that is what Japanese media are suggesting might be the case after Kawamoto, 81, was arrested Tuesday in Tokyo for suspected tax evasion. Several homes were demolished, some have been vandalized and some were sold. Genshiro Kawamoto ~ Complete Wiki & Biography with Photos | Videos 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 . All Filters. Ginza property tycoon Genshiro Kawamoto, 81, who was arrested for tax evasion earlier this month, was granted bail Thursday after he paid 500 million yen in cash. 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.". Are there mansions in Japan? 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. I hope (Japanese authorities)look into money laundering.". Alexander & Baldwin says it will refurbish the properties. Genshiro Kawamoto in California - Spokeo Refine Your Search Results. Stanton Johnston, a Kahala resident who sold his late mothers house to Kawamoto three years ago to satisfy taxes and charitable giving, said Kawamoto lied to him about keeping the gracious home and numerous trees on the property that now features lion and nymphlike female nude statues. Soon the last traces of Japanese billionaire Genshiro Kawamoto's occupation of Kahala Avenue will be obliterated. Kawamoto crudely broke down walls, leaving rubble lying about. Then he began buying up million-dollar estates on Kahala Avenue, spending close to $165 million for almost 30 homes over the last decade. The assessed land value of the properties is $117.6 million. Japanese billionaire's arrest tied to Kahala property - Hawaii News Now