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To: Bobby Yellin who wrote (32203)	4/19/1999 9:37:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116762

LTCB Executives Covered Up Trillions of Yen in Bad Loans, Mainichi Says Tokyo, April 20 (Bloomberg) -- Former executives at Long- Term Credit Bank of Japan Ltd., which was taken over by the government late last year, allegedly conspired to hide trillions of yen in bad loans to make the bank's finances look healthier than they were, the Mainichi Daily News reported, citing unnamed bank sources. The bank's report to the Financial Supervisory Agency in July 1998 listed 4.4 trillion yen ($37.2 billion) in bad loans, or two-thirds of the actual total. As a result, investigators may pursue criminal charges against the executives, including former LTCB President Katsunobu Onogi, the report said. LTCB, one of three long-term lenders that helped finance the rebuilding of Japan following World War II, is under temporary state control as the government seeks a buyer. (Mainichi Daily News, 4/20, P.1) ©1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.