Supercomputer venture chief, another arrested

Tokyo: The president and official of a company which was part of a team that developed a world-class supercomputer have been arrested over suspicion that they might have defrauded the government by inflating expenses for the job. Investigators from the Tokyo District Public Prosecutors Office have detained Motoaki Saito, president of PEZY Computing, and Daisuke Suzuki, an official of the Tokyo-based company. The two allegedly defrauded state-run New Energy and Industrial Technology Development Organization (NEDO) of US$3.8 million in subsidies in 2014. NEDO functions under the industry ministry and it gives subsidies to venture companies to support their technological development. PEZY and another venture run by Saito announced in October that they had developed Gyoukou supercomputer. In November, Gyoukou was ranked the fourth fastest supercomputer in the world. PEZY Computing, which was set up in January 2010, also produces processors and software for computers.