• Kyodo

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Prosecutors are demanding eight years behind bars for the president of failed travel agency Tellmeclub, who is accused of defrauding two banks of about ¥550 million in loans by doctoring earnings data.

While prosecutors claimed Monday that Chikako Yamada, 68, was “selfish and irresponsible in directing the whitewashing of the documents, knowing the company had fallen into negative net worth,” her lawyers sought to reduce her sentence due to her age and her expressions of remorse.

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