Prosecutors indicted former UFJ Bank Vice President Kazuyoshi Okazaki and two other former executives as well as UFJ Bank for allegedly blocking government inspections last year in violation of the Banking Law.

But the Tokyo District Public Prosecutor's Office has effectively given up pursuing criminal charges against former UFJ Bank President Masashi Teranishi.

The prosecutors earlier questioned Teranishi about his suspected role in obstructing the inspections, but he apparently denied involvement.

Under the Banking Law, individuals convicted of obstructing FSA inspections can be sentenced to prison terms of up to one year and fines of up to 3 million yen. A corporation can be fined up to 200 million yen.

Okazaki, Sen Hayakawa and Masayuki Inaba have admitted ordering bank employees to hide more than 100 items, including financial documents on UFJ Bank's clients, from Financial Services Agency inspectors between August and October last year, prosecutors said.

They filed a summary indictment Friday against Hidetoshi Tsuchiya, former deputy head of the bank's credit division, after concluding that he was merely following orders from superiors.

The Tokyo Summary Court issued a summary order later in the day demanding he pay a 500,000 yen fine.

Some media have alleged the bank started obstructing inspections in 2002.

The FSA had filed a criminal complaint against UFJ Bank, a key component of UFJ Holdings Inc. The move was a major embarrassment for UFJ Holdings, which plans to complete a merger with Mitsubishi Tokyo Financial Group Inc. by October.