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Mizuho’s Ex-Banking Unit Chief Knew of Loans to Crime Groups

Mizuho Financial Group Inc.’s loan scandal deepened after the Japanese bank said a former top executive knew it was lending money to crime groups.

Satoru Nishibori, who was president of Mizuho Bank Ltd. at the time, knew of the loans to “antisocial” groups, President Yasuhiro Sato said at a news briefing in Tokyo today. The company issued a statement saying top management were aware, contrary to earlier comments and findings by Japan’s financial regulator that only the “executive in charge” had knowledge.