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Former bank officials indicted in Japan

Aug. 4, 2010 at 9:24 AM   |   Comments

TOKYO, Aug. 4 (UPI) -- Prosecutors in Japan indicted a former high-level government adviser on obstruction of justice charges, court papers say.

Takeshi Kimura, former economic adviser to Heizo Takenaka, a finance minister when Junichiro Koizumi was prime minister (2001-2006), was indicted along with three other executives of the Incubator Bank of Japan on charges of deleting hundreds of e-mails during a Financial Services Agency investigation.

Also indicted were former bank president Tatsuya Nishino, former senior executive Hiroyuki Yamaguchi and former executive officer Nobuhiro Sekimoto, Kyodo News reported Wednesday.

The bank was also indicted.

Kimura founded the bank in 2004 and was its chairman in January 2005 through May 2010, stepping down as the lender reported a loss on the year.

© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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