Ex-LTCB execs get suspended terms over concealing bad loans

Ex-LTCB execs get suspended terms over concealing bad loans

TOKYO, Japan - Katsunobu Onogi (R), former president of the failed Long-Term Credit Bank of Japan (LTCB) enters the Tokyo District Court building on Sept. 10 to hear a court ruling on him being charged with falsifying financial statements to conceal massive bad loans. Onogi was sentenced to three years in prison, suspended for four years. The other two former top executives were also sentenced to suspended prison terms. (Kyodo)

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