Mizuho has more loans to the mob

Nov 13, 2013

Mizuho has more loans to the mob

by Tomoko Otake

Mizuho Bank has outstanding loans to yakuza and other antisocial elements apart from car loans extended through its affiliate credit company, Orient Corp., President Ya­su­hi­ro Sa­to tells the Diet.

Nov 12, 2013

Banks halt loan flow to unaffiliated credit firms

Banks are scaling back loans through unaffiliated consumer credit firms that are not allowed to access their databases of gangsters and other antisocial elements. The moves follow recent revelations that Mizuho Bank, a unit of Mizuho Financial Group Inc, had extended loans to gangsters ...

Nov 9, 2013

Hitachi's consumer credit unit caught up in Mizuho yakuza loan scandal

Hitachi Capital Corp. played a role in Mizuho Bank’s lending to mobsters and other underworld groups, informed sources said Saturday. Mizuho carried out one gang-related loan transaction via Hitachi Capital, the consumer credit unit of Hitachi Ltd., the sources said. The discovery of Hitachi ...

Nov 8, 2013

Mizuho shareholders file complaint over yakuza loans

Two shareholders of Mizuho Financial Group Inc. have filed a criminal complaint with investigative authorities against Mizuho Bank, claiming it intentionally made a false report to the Financial Services Agency in connection with loans to yakuza, their lawyers said. The two male shareholders in ...

Nov 7, 2013

Acom also admits extending shady loans to yakuza

Acom Co., a consumer loan company under Mitsubishi UFJ Financial Group Inc., said Thursday it has extended several loans to individuals linked to organized crime and other anti-social forces, becoming the latest in a string of lenders to own up to the practice. Acom ...

Nov 6, 2013

Did stalls net yakuza ¥300 million?

About ¥300 million from all the money collected by an association of stall operators in Hyogo Prefecture last year remains unaccounted for, and most likely went to the yakuza, prefectural police say.

Nov 6, 2013

JACCS also admits lending to yakuza

Major credit company JACCS said Wednesday it loaned money to yakuza in the widening scandal sweeping through the banking system. The admission by JACCS, a unit of the gigantic Mitsubishi UFJ Financial Group, is the latest in a growing line and comes as a ...

Nov 5, 2013

Mobster held over training subsidies

The boss of a yakuza organization affiliated with the Dojin-kai, an organized crime syndicate based in Kurume, Fukuoka Prefecture, was arrested Monday on charges of illegally taking government subsidies, police said. The yakuza group run by Masataka Mikasa, 37, used a dummy company to ...

Nov 5, 2013

FSA probes to learn if banks cut yakuza ties

The Financial Services Agency started its investigation Tuesday into the country’s three major banking groups, including scandal-hit Mizuho Financial Group Inc., focusing on measures to prevent ties to the underworld. The FSA will also examine if Mizuho deliberately submitted an incorrect report to the ...

Regional banks shun Mizuho over scandal

Oct 31, 2013

Regional banks shun Mizuho over scandal

At least seven of the nation’s 14 regional banks tied up with Mizuho Financial Group Inc.’s credit company, Orient Corp., will stop doing business with it due to the scandal over Orient’s loans to the underworld, according to bank officials. Two other banks are ...