Shohkoh Fund president testifies at Diet

Shohkoh Fund president testifies at Diet

TOKYO, Japan - Kenshin Oshima, president of Tokyo-based nonbank moneylender Shohkoh Fund and Co., testifies Dec. 14 before the House of Councillors Committee on Financial Affairs as a sworn witness. Oshima, 51, denied allegations that he instructed employees to use strong-arm tactics when collecting loans. Shohkoh Fund is one of the nation's largest ''shoko'' lenders, which specialize in high-interest, collateral-free loans to small firms.

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