Guilty verdict scrapped, 3 ex-bankers found not guilty

Guilty verdict scrapped, 3 ex-bankers found not guilty

TOKYO, Japan - Katsunobu Onogi, 72, a former president of the failed Long-Term Credit Bank of Japan, now Shinsei Bank, is surrounded by reporters outside the Supreme Court in Tokyo on July 18 after the top court overturned a lower court ruling and acquitted him and two former LTCB vice presidents indicted for window-dressing the bank's financial statements to conceal massive bad loans and authorizing illegal dividend payments.

Ex-bankers sentenced to prison terms over bad loans

Ex-bankers sentenced to prison terms over bad loans

SAPPORO, Japan - The Sapporo High Court sentenced Hiroshi Yamauchi (L in file photo) and Sadamasa Kawatani (C), two former Hokkaido Takushoku Bank presidents, to two-and-a-half years in prison each on Aug. 31 for irresponsibly extending loans that led to the Sapporo-based bank's collapse in 1997. Yoichi Nakamura (R), the former head of a Sapporo-based resort hotel developer, received 18 months in prison. (Kyodo)

Guilty verdict scrapped, 3 ex-bankers found not guilty

Guilty verdict scrapped, 3 ex-bankers found not guilty

TOKYO, Japan - Katsunobu Onogi, 72, a former president of the failed Long-Term Credit Bank of Japan, now Shinsei Bank, is surrounded by reporters outside the Supreme Court in Tokyo on July 18 after the top court overturned a lower court ruling and acquitted him and two former LTCB vice presidents indicted for window-dressing the bank's financial statements to conceal massive bad loans and authorizing illegal dividend payments. (Kyodo)

High court upholds guilty verdict on ex-bankers over bad loans

High court upholds guilty verdict on ex-bankers over bad loans

TOKYO, Japan - The Tokyo High Court upheld on June 21 a guilty verdict by a lower court on three former top executives of the failed Long-Term Credit Bank of Japan for falsifying financial statements to conceal massive bad loans and authorizing illegal dividend payments. Photo shows (from R to L) former LTCB President Katsunobu Onogi, former vice presidents Yoshiharu Suzuki and Masami Suda entering the court. (Kyodo)