Tokyo: According to local media reports, around 900 comfort watches worth nearly US$ 13 million are missing in Japan after a page that was renting them out wrapped and its owner relocated to Dubai.
By loaning the Rolexes and different expensive accessories to Osaka-based Toke Match, which would then rent them to customers, the proprietors made quarterly loan fees.
Toke Match’s parent company, Neo Reverse, announced on January 31 that its services was ending and that it would return all watches.
According to the Asahi Shimbun everyday and other media stores, the owners of about 900 pieces for 1.9 billion japanese ( US$ 12 million ) have not been reunited with their property, citing a group of about 190 users.
Some of the timepieces have even been discovered on an online auction site, causing users to lodge numerous problems with the authorities in Japan.
At least 20 pieces handled by Valuence Japan, according to the auction site’s controller, had prolific amounts that corresponded to those given to Toke Match.  ,
Through distributing, a spokesperson said last month,” We soon stopped flow of these watches to avoid further damage happening.”
Before the Toke Match assistance was discontinued, she claimed, half of the pieces were now available on the auction site.
The Sharing Economy Association of Japan announced in a statement that it had learned that some of the pieces were also being sold in second-hand shops.
The” sharing economy” business in Japan is rapidly expanding, reaching 2.6 trillion yen in the most recent fiscal year, according to the relationship.
Neo Reverse was one of the roughly 400 members of the group, but it was removed from the list on February 1 as a result of owners ‘ complaints that their watches had n’t been returned.
According to analytical options, Tokyo authorities have obtained an arrest warrant for Toke Match’s user Takazumi Kominato, 42, on fear of misappropriation of a Rolex watch.
According to the report, he is accused of loaning a Rolex from an owner to a second-hand supplier for 650, 000 japanese in January.
But, Kominato left Japan for Dubai in late February, according to Jiji, and police intend to place him on the foreign wanted record.