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Police have questioned Marusan Securities Co. about its rationale for shouldering most of a loss incurred by an affiliated company, the president of the midsize brokerage house said April 6.

Eijiro Nagao said at a press conference that Marusan effectively shouldered 1.7 billion yen of the 2.2 billion yen loss at Shureisha, a securities trading company that was liquidated in March last year. Over the past several weeks, police have questioned Marusan executives, Nagao said, adding that he believes the company has not violated any law.

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