Yakuza face fraud charge

Police are thinking of charging any yakuza involved in the loan scandal at Mizuho Bank with fraud, sources said. Gangsters received about 200 million in loans from the core unit of the Mizuho Financial Group Inc. through a consumer credit arm called Orient Corp. (Japantimes)

Mizuho Bank’s poor handling of its recent loan scandal have been revealed one after another as its explanation of the matter flip-flop. Mizuho Bank has faced major damage to its reputation at home and globally after accusations of lending money to organised crime.