State-linked Shoko Chukin Bank finds more fraud in shady loans probe

Comedy gold. Bent, bent, bent, bent, bent!

Under the state-backed scheme, low-interest loans are offered to smaller scale companies on the verge of financial collapse or struck by natural disasters.

It would be very interesting to see who got what and how many of these companies were associated with organized crime, had METI family members involved, were connected to LDP politicians and so on. But I won't be holding my breath for that information...

misconduct or clerical error

how can a bank make a clerical error?

The bank's top post has been occupied by retired METI officials

Amakudari at its finest.

fwiw, we lost an outbuilding in an earthquake and tried to get a relief loan from the government to replace it. After submitting far more paperwork than a regular bank loan, they took four months to tell us we could only have 1/6 of the money we wanted, and that there was a large fee that had never been mentioned before. By the time they told us, we'd already started the build, so regular banks wouldn't give us a loan either. We ended up having to dip into savings. It's annoying to hear that there are other government bodies handing out money all over the country to whoever they fancy.

What was it I said literally yesterday about there being a new scandal every day with J-inc and society?

that organization, will get slapped on the wrist , and then they will change the org's name, as they usually do.

Yes, typical example of misdirected moral compass in corporate Japan.  Tip of the iceberg, methinks.

Funny, there's no mention in the article that this is one of the major ways Yakuza gangs get paid their extortion money

Japan at its finest.

What will make japanese people wake up from the deep slumber.

Well. Maybe a spell has been cast on people.

Seems like a never-ending story.

Easy for journalists. Continue recycling the same template and just change out names and dates.

So let me get this straight.....now some banks are also corrupt? I already don't trust the police, now the banks?