UFJ Bank President Masashi Teranishi denied Wednesday that the bank covered up the financial health of borrowers before the government launched probes into the major banking group.
"There is no fact that we intentionally concealed or tore up documents," Teranishi told the House of Representatives Financial Affairs Committee.
Teranishi was speaking about allegations that UFJ Bank concealed a large volume of documents showing that borrowers were worse off than the assessments in the official papers it submitted to the Financial Services Agency.