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Long-Term Credit Bank of Japan controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 1999

    Executive prosecutions over accounting and dividends

    Prosecutors accused President Katsunobu Onogi and two executive vice presidents of reporting false profits and authorizing dividends while LTCB was insolvent. Their convictions were overturned by the Supreme Court of Japan in 2008, which held that the relevant accounting standards were unclear during a transitional period.

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