Yoshihide Suga named Japan's prime minister, succeeding Shinzo Abe
Tokyo: Yoshihide Suga was formally elected Wednesday as Japan's new prime minister in a parliamentary vote.
Suga is replacing Shinzo Abe, who resigned earlier in the day because of ill health. Suga had been chosen as leader of the ruling party on Monday, virtually assuring his succession.
Suga, who was chief Cabinet secretary and long seen as Abe's right-hand man, is to launch his own Cabinet later Wednesday.
Suga has stressed his background as a farmer's son and a self-made politician in promising to serve the interests of ordinary people and rural communities.
He has said he will pursue Abe's unfinished policies, and that his top priorities will be fighting the coronavirus and turning around an economy battered by the pandemic.
Abe, Japan's longest-serving prime minister, announced last month that he was stepping down because of health problems.
I devoted my body and soul for the economic recovery and diplomacy to protect Japan's national interest every single day since we returned to power, Abe told reporters at the prime minister's office before heading into his final Cabinet meeting.
During this time, I was able to tackle various challenges together with the people, and I'm proud of myself." He said his health is improving thanks to treatment and that he, as a lawmaker, will support his successor-to-be, Yoshihide Suga, from now on.
He also thanked the people for their understanding and strong support for the upcoming leadership under Suga.
Suga, chief Cabinet secretary for Abe's government and long seen as his right-hand man, was chosen Monday as the new head of the governing Liberal Democratic Party, virtually guaranteeing his election as prime minister in a parliamentary vote Wednesday because of the party's majority.
Suga, a self-made politician and the son of a strawberry grower in the northern prefecture of Akita, has stressed his background in promising to serve the interests of ordinary people and rural communities.
He has said he will pursue Abe's unfinished policies, and that his top priorities will be fighting the coronavirus and turning around an economy battered by the pandemic. He gained the support of party heavyweights and their followers early in the campaign on expectations he would continue Abe's line.
Suga has been a loyal supporter of Abe since Abe's first stint as prime minister from 2006 to 2007. Abe's tenure ended abruptly because of illness, and Suga helped him return as prime minister in 2012.
Abe, 65, has ulcerative colitis and his current treatment requires IV injections. He said last month his condition has improved but, facing ongoing treatment and physical weakness, he decided to resign.
Suga has praised Abe's diplomacy and economic policies when asked about what he would like to accomplish as prime minister.
Suga, who does not belong to any wing within the party and opposes factionalism, says he is a reformer who will break down vested interests and rules that hamper reforms. He says he will set up a new government agency to speed up Japan's lagging digital transformation.
In a reshuffle of the ruling party key posts, however, Suga evenly allocated top posts to key factions, a balancing act seen as a return of favor for their support in the leadership race.
Suga said he will appoint reform-minded, hard-working people to the new Cabinet, to be launched later Wednesday. About half of the members in the Abe Cabinet are expected to be retained or shifted to different ministerial posts.
Media reports say some key ministers, including Finance Minister Taro Aso, Foreign Minister Toshimitsu Motegi, Olympic Minister Seiko Hashimoto, and Environment Minister Shinjiro Koizumi, the son of former Prime Minister Junichiro Koizumi, will stay. Abe's younger brother, Nobuo Kishi, is reportedly tapped as defense minister, replacing Taro Kono who is expected be shifted to administrative reforms minister.
Compared to his political prowess at home, Suga has hardly traveled overseas and his diplomatic skills are unknown, though he is largely expected to pursue Abe's priorities.
The new prime minister will inherit a range of challenges, including relations with China, which continues its assertive actions in the contested East China Sea, and what to do with the Tokyo Olympics, which were postponed to next summer due to the coronavirus.
And he will have to establish a good relationship with whomever wins the US presidential race.
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Odisha Police arrests key accused in Rs 40-crore investment fraud
Bhubaneswar (PTI): Odisha Police's Economic Offences Wing (EOW) has arrested the prime accused in a Rs 40-crore trading fraud, an officer said on Friday.
The accused, identified as Amit Mandal of West Bengal's Bankura, was arrested from his home district on December 31, the officer said.
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After producing him in a local court there, Mandal was brought to Odisha on Friday, the EOW officer said.
The arrest was made in connection with a case registered on December 29 at the EOW police station on the basis of a complaint lodged by Sushant Kumar Das of Khurda district.
The complainant alleged that Mandal and his associates induced him to invest in share trading by promising high monthly returns ranging from 3.5 to 7 per cent per month.
Das had reportedly deposited Rs 8.5 lakh during 2022–2024.
According to police, Mandal induced around 500 depositors from Odisha and 100 from West Bengal between 2020 and 2024 and collected over Rs 120 crore, of which over Rs 40 crore is yet to be returned to investors.
"Initially, he paid monthly returns of depositors. However during 2023, Mandal failed to pay the returns and falsely assured the depositors that their money will be re-invested in his newly formed company. But suddenly he went missing before being arrested in Bankura district," the official said.
According to the EOW, the accused had been collecting deposits in his personal bank accounts maintained with two banks. "Scrutiny of one bank account revealed transactions amounting to Rs 122 crore. Other accounts are under verification," the officer said.
