• Kyodo

  • SHARE

Police arrested three senior officials of a failed Japanese bank and four of its clients Sunday on charges related to questionable lending practices.

Police said the Ishikawa Bank officials are suspected of lending about 5.7 billion yen to a Tokyo-based business group without sufficient collateral in September 2000. The second-tier regional bank, based in Kanazawa, the capital of Ishikawa Prefecture, went under in December 2001.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)