Police said Thursday they arrested seven people, including the chairman of a Tokyo-based “shinkin” savings-and-loan bank and a gang leader, on suspicion they conspired to arrange an illegal loan to a company linked to the mobster, despite knowing it would cause losses for the bank.

Police suspect 71-year-old Tsutomu Shizu, chairman of Kosan Shinkin Bank based in Tokyo’s Chiyoda Ward, and four other executives of having the bank arrange a loan of 400 million yen to a Tokyo real estate company under the control of gang leader Takateru Tsukui, 68, a friend of Shizu, in July 2001.

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