Bankruptcy for AUM Shinrikyo cult complete, victims to share 1.5 billion yen

Bankruptcy procedures for the AUM Shinrikyo religious cult were virtually completed on Wednesday, with an estimated amount of 1.5 billion yen to be distributed to the victims of the cult’s crimes.

The closure of procedures came at a meeting of the cult’s creditors at the Tokyo District Court on Wednesday, 12 years after the bankruptcy procedures for the doomsday cult started in March 1996

Saburo Abe, a lawyer who serves as bankruptcy administrator for the cult, reported at the court that a total of about 1.53 billion yen is expected to be distributed to the victims.

The amount is about 40 percent of the approximately 3.8 billion yen that the cult owes its victims.

As the cult has been split into two factions, Abe said, “It would be difficult to collect any more money, and the amount that can be given to the victims has nearly reached a limit.”

The court had already approved that bankruptcy procedures would come to an end.

Meanwhile, both the ruling and opposition parties have been considering a bill to financially aid the victims.

Vacation? Short break? Day trip? Get Skip-the-line tickets at GetYourGuide.


(Listed if other than Religion News Blog, or if not shown above)

Religion News Blog posted this on Wednesday March 26, 2008.
Last updated if a date shows here:


More About This Subject


Our website includes affiliate links, which means we get a small commission -- at no additional cost to you -- for each qualifying purpose. For instance, as an Amazon Associate, Religion News Blog earns from qualifying purchases. That is one reason why we can provide this research service free of charge.

Speaking of which: One way in which you can support us — at no additional cost to you — is by shopping at