Photo/Illutration The head office of MUFG Bank in Tokyo’s Chiyoda Ward (Asahi Shimbun file photo)

An employee of MUFG Bank was fired after admitting to ransacking safe deposit boxes and stealing cash, gold, jewelry and other assets worth more than 1 billion yen ($6.5 million).

The employee was dismissed as of Nov. 14, the company said Nov. 22. MUFG is one of the nation’s three megabanks.

The bank reported the matter to the police and is considering paying compensation to the 60 or so victims.

It said the former employee stole customer assets stored in safe deposit boxes at its Nerima and Tamagawa branches in Tokyo between April 2020 and October this year.

The individual was a supervisor in charge of the rental lockboxes at the branches.

Under the bank’s rules, safe deposit boxes cannot be opened without the consent of customers.

When they are opened, more than one employee should be present after permission is obtained from higher-ups.

The former employee took advantage of his position to open the boxes away from prying eyes, MUFG said.

The bank learned of the thefts after a customer noticed missing assets.