Japanese supercomputer venture chief arrested for alleged fraud

Tokyo prosecutors on Tuesday arrested the president of a tech venture known as one of the developers of the world's fourth-fastest supercomputer on suspicion of defrauding a governmental institution of 431 million yen ($3.8 million) in subsidies.The special investigation squad of the Tokyo District Public Prosecutors Office also arrested another official connected with the case and raided the Tokyo headquarters of PEZY Computing, which was part of the team that developed the "Gyoukou" supercomputer.(ExaScaler)According to the prosecutors, President Motoaki Saito, 49, and Daisuke Suzuki, 47,…READ FULL ARTICLE