Owners of Rolexes and other luxury watches earned monthly commissions by lending their goods to Toke Match, a service based in Osaka. But Neo Reverse, the company managing this service, announced its closure on January 31, promising to return all the watches.
The owners of around 900 watches worth a total of 1.9 billion yen (11.7 million euros), however, have not returned to their possessions. Some of the watches were even spotted on an online auction site, prompting owners to file dozens of complaints with Japanese police. Tokyo police this week obtained an arrest warrant for Takazumi Kominato, 42, the owner of toke Match.