Jail terms sought for ex-LTCB execs for dubious dealings

Jail terms sought for ex-LTCB execs for dubious dealings

TOKYO, Japan - Katsunobu Onogi, a former president of the failed Long-Term Credit Bank of Japan (LTCB), enters the Tokyo District Court on Dec. 19. Prosecutors demanded a three-year prison term for Onogi for falsifying the bank's financial statements for the 1997 business year to conceal 313 billion yen in bad loans. Two years in prison were sought for former LTCB vice presidents.

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