TOKYO - A loans-to-mobsters scandal that is gripping Japan's banking sector has widened after major lender Shinsei Bank admitted doing business with organised crime figures.迷你倉The country's finance minister yesterday lauded Shinsei after it admitted a day earlier that one of its subsidiaries made more than a dozen loans to the notorious gangsters, known as yakuza.The criminal syndicates are involved in activities ranging from prostitution and drugs to extortion and white-collar crime."Our internal controls were not strict enough," Shinsei president Shigeki Toma told reporters on Thursday. The bank also admitted to opening accounts for what it called "anti-social forces", an euphemism for gangsters.The revelation comes days after Japan's financial watchdogmini storagesaid it would probe the country's top three banks following a scandal that has made headlines for weeks, and reportedly sparked a police investigation into Japan Inc's ties with organised crime.The Financial Services Agency said it would look at Mizuho Financial Group's business dealings as well as rivals Mitsubishi UFJ and Sumitomo Mitsui Banking, without disclosing further details. Mizuho has been under fire since it emerged in September that it processed hundreds of loans worth about US$2 million (S$2.5 million) for mob members.The authorities have long battled to keep gangsters from infiltrating Japan's corporate sector amid fears about mob involvement in stock trading and the real-estate sector, among other legitimate activities.AGENCE FRANCE-PRESSE迷你倉
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