MUFG Employee Probed for Suspected Inside Information Leak (2)

An MUFG Bank employee is suspected of leaking tender offer details and other non-public information about client companies to family members, Japanese media reported, weeks after the banking group was reprimanded for breaching firewalls.

Relatives may have traded stocks using the information, potentially earning several million yen, according to the reports.

An MUFG Bank spokesman confirmed that it was being investigated by Japan’s Securities and Exchange Surveillance Commission, but declined to comment further as the probe is ongoing. The bank, which is a unit of Mitsubishi UFJ Financial Group Inc., will fully cooperate with the investigation, the spokesman said.

The ...