Home of former Niigata bank president searched over loans

TOKYO, Japan - Police on Jan. 18 search the home of Ryutaro Omori, a former president of Niigata Chuo Bank, in Mitaka, western Tokyo, in connection with suspected illicit lending practices that led to the bank's collapse in October 1999. They searched about 40 locations, including the homes of other bank executives, on suspicion the executives committed special breaches of trust under the Commercial Code.

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2001/1/18 00:00:00

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Kyodo / Kyodo News Images

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