• Kyodo

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Two former presidents of the failed Hokkaido Takushoku Bank were acquitted Thursday in a breach of trust case involving 8.57 billion yen in allegedly shady loans that the bank lent to a local business group.

The Sapporo District Court also acquitted a former president of the Hokkaido-based Therme group, who had been charged with conspiring with the former presidents of the bank, popularly known as Takugin, for about 4.7 billion yen of the loans.

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