House of Representatives member Yaichi Tanigawa, indicted over slush fund allegations involving the ruling Liberal Democratic Party's largest faction, resigned as a lawmaker on Wednesday. Tanigawa, who belonged to the faction formerly led by late Prime Minister Shinzo Abe, has tendered his resignation after last week facing a summary indictment for violating the political funds control law. The faction has been under intense scrutiny amid allegations it failed to report revenue from fundraising parties over many years and accumulated hundreds of millions of yen in slush funds. Tanigawa failed to declare in political funds reports about 43 million yen he received from the group over five years through 2022, according to the indictment. While the majority of the Abe faction members are alleged to have received slush fund money, members of the executive have not faced criminal charges.

Source: New York Times January 25, 2024 05:24 UTC