There are various theories that high blood cholesterol levels can cause arteriosclerosis. You might assume that cholesterol is bad for the human body, but in fact, it is an important nutrient which is essential for the sustenance of life.
Generally, cholesterol taken from food is about 300 to 500 mg a day, and organs such as the liver and intestine produce around 1,000 to 1,500 mg of cholesterol each day.
It is said that even if the amount of cholesterol intake increases, the body will compensate by producing less cholesterol internally, so it is unlikely that cholesterol from food will directly increase your blood cholesterol levels.

References:
Japan Dairy Industry Association
Standard Tables of Food Composition in Japan Fifth Revised Edition