• Kyodo News

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The Securities and Exchange Surveillance Commission on Thursday raided the head office of Aozora Bank and questioned an employee suspected of being involved in insider trading through use of internal loan information, sources said.

The employee, who is in his late 40s and works in the division that screens loans at the Tokyo-based bank, is suspected of buying shares in a company targeted for takeover by an Aozora client — around 2008 before the client publicly announced the plan.

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