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Prosecutors sought on Wednesday prison terms of up to three years for three former top executives of the failed Long-Term Credit Bank of Japan, the predecessor of Shinsei Bank, for falsifying financial statements for the 1997 business year to conceal 313 billion yen in bad loans.

Prosecutors demanded a three-year term for Katsunobu Onogi, 65, a former LTCB president, and two years for former LTCB Vice Presidents Yoshiharu Suzuki, 64, and Masami Suda, 62.

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