Consumer loan company Takefuji Corp. hid 920 million yen in income in fiscal 2000 by claiming to have sold bad loans to a subsidiary, and did not declare other income, sources said Friday.
The company failed to declare income of 1.49 billion yen in the year, including the hidden amount, and the Tokyo Regional Taxation Bureau levied some 600 million yen in tax and penalties, the sources said.
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