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Aichi Gakuin: 7.5M yen in missing funds wasn’t used for personal use

by on Feb.09, 2011 @ 8:14 pm, under College
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Aichi Gakuin University officials announced today that the 7.5M yen the baseball team withdrew between 2007 and 2009 did not go to personal use, as was initially feared, but was instead used appropriately, just not reported.  University officials realized the error when they checked the books and found that things like bus rental fees (about 1M yen) and baseball equipment expenditures (about 3.5M yen) actually weren't recorded when they should have been.

The university will now require complete financial statements from the baseball team every year as a means to avoid the same thing from happening again.

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Aichi Gakuin: 7.5M yen in funds missing

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Aichi Gakuin: 7.5M yen in funds missing

by on Jun.09, 2010 @ 6:32 pm, under College
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6/13/2010 10:49pm JST

The director of the Aichi Gakuin University baseball team has decided to step down from his post, effective the 18th.

6/9/2010 6:32pm JST

Aichi Gakuin University is reporting that the director of their baseball team withdrew a total 7.5M yen from team funding between 2007 and 2009 and failed to report how the money was used.  The director has thus far denied any knowledge of what happened to the money.

According to the University, there were no receipts explaining how 7.5M yen in funds were used between 2007 and 2009 (1.95M yen in 2007, 2.97M in 2008, and 2.61M in 2009).

Each month, the University collects 62,000 yen from each of their 60 players to cover dorm and food expenses.  This month is placed in an account that the director has control over and disperses when needed.

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