Kanebo may sue ex-managers for hiding 20-30 bil. yen losses

Kanebo may sue ex-managers for hiding 20-30 bil. yen losses

TOKYO, Japan - Kanebo Ltd. President Akiyoshi Nakajima speaks at a press conference in Tokyo on Oct. 28. He suggested that the company may file criminal and civil complaints against its former management on suspicion of concealing up to 30 billion yen in losses for the business years ended in March 2002 and March 2003.

LTCB's ex-managers to return retirement payments

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.

Kanebo may sue ex-managers for hiding 20-30 bil. yen losses

Kanebo may sue ex-managers for hiding 20-30 bil. yen losses

TOKYO, Japan - Kanebo Ltd. President Akiyoshi Nakajima speaks at a press conference in Tokyo on Oct. 28. He suggested that the company may file criminal and civil complaints against its former management on suspicion of concealing up to 30 billion yen in losses for the business years ended in March 2002 and March 2003. (Kyodo)

LTCB's ex-managers to return retirement payments

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.