Regulators question head of lender suspected of gouging

Regulators question head of lender suspected of gouging

KYOTO, Japan - The photo shows the head office of Nichiei Co., Japan's biggest finance company specializing in collateral-free, guaranteed loans to small companies. The Financial Supervisory Agency and the Finance Ministry's Kinki Regional Finance Bureau on Nov. 2 question Nichiei President Kazuo Matsuda over allegations the company has strong-arm tactics to recover bad loans. Matsuda denied the allegations, sources close to the case said.

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