A former head of the failed credit union Tokyo Shogin was served a fresh arrest warrant for alleged breach of trust in connection with illegal loans of 1.6 billion yen to a business owner, prosecutors said Thursday.
Kim Song Jun, 52, is suspected of providing the loans to a karaoke parlor management firm of Masuo Taneda, 64, in 1999 even though he knew the loans would be irrecoverable, investigators from the Tokyo District Public Prosecutor's Office said.
It was the third warrant served on Kim Song Jun.