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"Approximately 260 Accounts Opened without Permission" and "Laptop Destroyed with a Hammer After Fraud Was Discovered" - Iwaki Shinkumi's Shocking Reality of "Rampant Malicious Fraud"

Summary by toyokeizai.net
On May 30, Iwaki Shinkin Bank, based in Iwaki City, Fukushima Prefecture, announced the results of a third-party committee's investigation into the scandal, including fraudulent loans. The incident came to light when a former employee exposed it on social media in September last year. In November, the bank...
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On May 30, Iwaki Shinkin Bank, based in Iwaki City, Fukushima Prefecture, announced the results of a third-party committee's investigation into the scandal, including fraudulent loans. The incident came to light when a former employee exposed it on social media in September last year. In November, the bank...

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toyokeizai.net broke the news in on Thursday, June 5, 2025.
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