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/ Apr 26, 2017

Shoko Chukin extended ¥19.8 billion in fraudulent loans

The government-affiliated Shoko Chukin Bank has discovered that 35 of its branches illicitly extended loans worth ¥19.8 billion under a low-interest financing program intended to help crisis-hit small businesses. According to a report released Tuesday by the bank’s third-party investigative panel, 816 loans were ...