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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.

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LTCB's ex-managers to return retirement payments

Katsunobu Onogi, president of the ailing Long-Term Credit Bank of Japan (LTCB), says Sept. 10 several of the bank's former top managers will return their retirement allowances because of their mismanagement. The president made the comment during a hearing at a House of Councillors special panel on financial and economic revitalization. The hearing took place to clarify the bank's financial situation and how it came to be on the verge of collapse.

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LTCB-Sumitomo Trust merger planning

Katsunobu Onogi (R-center), president of the Long-Term Credit Bank of Japan, meets the press at the Bank of Japan in Tokyo on June 26 after an announcement that his bank has agreed to start talks on a merger with Sumitomo Trust and Banking. The LTCB has long been plagued with massive nonperforming loans.

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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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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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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)

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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)

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Onogi, ex-president of now-defunct LTCB, dies at 80

Photo taken in July 2008 shows Katsunobu Onogi, who headed the failed Long-Term Credit Bank of Japan, the predecessor of Shinsei Bank. It has been reported that Onogi died on May 10, 2017, at age 80. (Kyodo) ==Kyodo

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Former LTCB chief Onogi released on bail

TOKYO, Japan - Katsunobu Onogi, 63, former president of failed Long-Term Credit Bank of Japan (LTCB), is released from the Tokyo detention house July 6 after the Tokyo District Court set bail of 20 million yen. Onogi, along with two other former bank executives, was indicted June 30 on charges of falsifying the bank's loan records and illegally paying dividends.

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