Shoko Chukin Bank raided over shady loans

Business May 24, 2017

Shoko Chukin Bank raided over shady loans

Government officials Wednesday raided the offices of Shoko Chukin Bank, a state-linked lender for small and medium-sized firms, over improper loans issued under a state-backed program to help crisis-hit companies. The Financial Services Agency, the Ministry of Economy, Trade and Industry and the Finance Ministry ...

Shoko Chukin Bank reprimanded over shady loans

Business / Corporate May 10, 2017

Shoko Chukin Bank reprimanded over shady loans

The government on Tuesday issued a business improvement order to Shoko Chukin Bank, a government-linked lender for small and medium-size firms, found to have extended shady loans and falsified documents related to a state-backed program to help crisis-hit companies. The Ministry of Economy, Trade and ...