SAPPORO (Kyodo) The Sapporo District Court on Monday ordered three former executives of the now-defunct Asahikawa Shoko Shinyo Kumiai bank to pay a combined 300 million yen to the state-backed Resolution and Collection Corp. for inflicting damage on the lender’s financial standing by extending questionable loans and paying illegal dividends.

According to the court, the three — 70-year-old former president Kiyoyuki Doki and two others who have since died — window-dressed the credit union’s books between fiscal 1992 and fiscal 1997 through such means as not logging losses from sales of investment trusts.

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