Two Finance Ministry inspection officials were reprimanded July 29 for playing free golf and eating free meals with Dai-Ichi Kangyo Bank employees in the months following a ministry probe of the bank in 1994.
The two officials, Motoo Kusakabe and Hirokazu Miyagawa, were members of the ministry’s Financial Inspection Department and were handling the Dai-Ichi Kangyo probe at the time. It was only July 25 that the ministry filed its first-ever criminal complaint with prosecutors against the bank and four of its former employees. The nation’s second largest bank in terms of deposits stands accused of violating the Banking Law by falsifying reports for the ministry inspections. The Tokyo Summary Court applied a 500,000 yen fine July 28.
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