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(4)Seibu Railway execs held over illegal payments to racketeers

TOKYO, Japan - Hiroyuki Toda (R), president of Seibu Railway Co., speaks at a press conference at the company's head office in Tokorozawa, Saitama Prefecture, on March 1 about the arrest of three senior company officials on suspicion of paying off ''sokaiya'' corporate racketeers.

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(3)Seibu Railway execs held over illegal payments to racketeers

TOKYO, Japan - Hiroyuki Toda (R), president of Seibu Railway Co., and other Seibu executives, bow to reporters during a press conference at the company's head office in Tokorozawa, Saitama Prefecture, on March 1 after three senior company officials were arrested on suspicion of paying off ''sokaiya'' corporate racketeers.

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Seibu Railway exec arrested for paying off racketeer

TOKOROZAWA, Japan - An official in charge of public relations at Seibu Railway Co., briefs reporters in Tokorozawa, Saitama Prefecture, on March 1 after police arrested the company's Senior Managing Director Seiichi Ikura on suspicion of paying off a ''sokaiya'' corporate racketeer.

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Kubota suspected of paying off racketeers

OSAKA, Japan - The Osaka head office of Kubota Corp., a major Japanese farm machinery maker, is raided by police June 15 as the company is suspected of making 350 million yen in illegal payoffs to two ''sokaiya'' racketeers under the guise of rental fees for billboard advertising.

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Kobe Steel raided

OSAKA, Japan - Koshi Mizukoshi (L), president of Kobe Steel Ltd, speaks at a news conference at its head office in Kobe, Kyogo Prefecture, on Nov. 9 after police raided the head office the same day on suspicion the steelmaker gave 30 million yen in illegal payoffs to a ''sokaiya'' corporate racketeer in 1997.

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Peak day for shareholders' meeting

More than 2,300 Japanese companies held shareholders' meetings simultaneously on Friday June 26, a move aimed to prevent disruption by sokaiya corporate extortionists. The photo shows people entering a hall for the final shareholders' meeting of Yamaichi Securities Co., once one of Japan's Big Four brokerages, which collapsed last November after chalking up a huge amount of liabilities.

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DKB president testifies

Katsuhiko KONDO, president of Dai-Ichi Kangyo Bank suspected of making illegal payoffs to a ''sokaiya'' corporate racketeer, testifies at a House of Representatives Budget Committee meeting on June 5, when Tokyo prosecutors arrested for executives of the major commercial bank on the suspicion.

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Nomura ex-President testifies

Former Nomura Securities Co. President Yoshihisa TABUCHI testifies as an unsworn witness before the House of Representatives Budget Committee on June 5 in connection with a payoff scandal involving a 'sokaiya' corporate racketeer. Tabuchi denied involvement in the scandal in which Japan's top brokerage allegedly made illegal payoffs to the racketeer.

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DKB president testifies at Diet

Katsuhiko KONDO (R), the president of Dai-Ichi Kangyo Bank which is suspected of making illegal payoffs to a ''sokaiya'' corporate racketeer, testifies at a House of Representatives Budget Committee meeting on June 5, when prosecutors arrested four former and incumbent executives of the major commercial bank in the case.

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Ex-Nomura Securities chief test

Former Nomura Securities Co. President Yoshihisa TABUCHI (standing) testifies as an unsworn witness before the House of Representatives Budget Committee on June 5 in connection with a payoff scandal involving a 'sokaiya' corporate racketeer. Tabuchi denied involvement in the scandal in which Japan's top brokerage allegedly made illegal payoffs to the racketeer.

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Sokaiya corporate racketeers

TOKYO, Japan - Sokaiya corporate racketeers scuffle with stockholders at a general stockholders meeting of Misubishi Heavy Industries Ltd. on May 28, 1971.

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Seibu Railway exec arrested for paying off racketeer

TOKOROZAWA, Japan - An official in charge of public relations at Seibu Railway Co., briefs reporters in Tokorozawa, Saitama Prefecture, on March 1 after police arrested the company's Senior Managing Director Seiichi Ikura on suspicion of paying off a ''sokaiya'' corporate racketeer. (Kyodo)

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(4)Seibu Railway execs held over illegal payments to racketeers

TOKYO, Japan - Hiroyuki Toda (R), president of Seibu Railway Co., speaks at a press conference at the company's head office in Tokorozawa, Saitama Prefecture, on March 1 about the arrest of three senior company officials on suspicion of paying off ''sokaiya'' corporate racketeers. (Kyodo)

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(3)Seibu Railway execs held over illegal payments to racketeers

TOKYO, Japan - Hiroyuki Toda (R), president of Seibu Railway Co., and other Seibu executives, bow to reporters during a press conference at the company's head office in Tokorozawa, Saitama Prefecture, on March 1 after three senior company officials were arrested on suspicion of paying off ''sokaiya'' corporate racketeers. (Kyodo)

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Kubota suspected of paying off racketeers

OSAKA, Japan - The Osaka head office of Kubota Corp., a major Japanese farm machinery maker, is raided by police June 15 as the company is suspected of making 350 million yen in illegal payoffs to two ''sokaiya'' racketeers under the guise of rental fees for billboard advertising.

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Racketeer arrested in illegal payoff case

OSAKA, Japan - Kazuo Okuda (R), a resident of Nishinomiya, Hyogo Prefecture, is escorted to the Osaka Higashi Police Station on the morning of Nov. 9 after he allegedly received money in exchange for dissuading other ''sokaiya'' racketeers from disrupting Kobe Steel's shareholders' meeting held in 1997. Okuda was arrested later in the day.

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Racketeer arrested in illegal payoff case

OSAKA, Japan - Kazuo Okuda (R), a resident of Nishinomiya, Hyogo Prefecture, is escorted to the Osaka Higashi Police Station on the morning of Nov. 9 after he allegedly received money in exchange for dissuading other ''sokaiya'' racketeers from disrupting Kobe Steel's shareholders' meeting held in 1997. Okuda was arrested later in the day.

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Kobe Steel raided

OSAKA, Japan - Koshi Mizukoshi (L), president of Kobe Steel Ltd, speaks at a news conference at its head office in Kobe, Kyogo Prefecture, on Nov. 9 after police raided the head office the same day on suspicion the steelmaker gave 30 million yen in illegal payoffs to a ''sokaiya'' corporate racketeer in 1997.

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3 bank ex-execs get suspended terms

TOKYO, Japan - File photos show (from L to R) Ichiro Fujita, 60, former vice president, Akira Kanazawa, 64, former vice president, and Yasuyuki Terasawa, 58, former managing director, all of Dai-Ichi Kangyo Bank (DKB), who were sentenced to prison terms for extending illegal loans to a ''sokaiya'' corporate racketeer in violation of the Commercial Code. The three pleaded not guilty.

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Racketeer Koike sentenced to 9 months in payoff scandal

Ryuichi Koike, ''sokaiya'' corporate racketeer, enters the Tokyo District Court on April 21 to receive a ruling on a charge that he received illegally 12.4 billion yen in payoffs from four securities firms and Dai-Ichi Kangyo Bank. The court sentenced Koike to nine months in prison later in the day.

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Ex-head of Nomura gets suspended jail term

Hideo Sakamaki (C), former president of Nomura Securities Co., was sentenced Jan. 20 by the Tokyo District Court to a one-year prison term, suspended for three years, for illegal payoffs to a ''sokaiya'' corporate racketeer. Sakamaki, seen entering the court building, paid some 370 million yen to Ryuichi Koike in 1995 in exchange for not disrupting the company's shareholders meeting, according to the ruling. ==Kyodo

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Peak day for shareholders' meeti

More than 2,300 Japanese companies held shareholders' meetings simultaneously on Friday June 26, a move aimed to prevent disruption by sokaiya corporate extortionists. The photo shows people entering a hall for the final shareholders' meeting of Yamaichi Securities Co., once one of Japan's Big Four brokerages, which collapsed last November after chalking up a huge amount of liabilities. ==Kyodo