A bankrupt kimono rental firm whose president was arrested on suspicion of fraudulently obtaining bank loans before declaring the company bankrupt in January started changing its accounting firm every year after the business year that ended in September 2015, sources said Sunday.
The Kanagawa Prefectural Police suspect the action was aimed at preventing its window-dressing from being discovered and is examining the firm's finances.
Harenohi, the company, went belly up right before Coming-of-Age Day, denying hundreds of young women the lavish formal attire rented for the annual adulthood ceremonies, investigative sources said.