apan's powerful yakuza organised crime syndicates are mounting a widespread assault on the country's financial markets that may have left hundreds of listed companies riddled with mob connections.
In a surprisingly stark admission, the National Police Agency (NPA) says that it is locked in a battle for the economic soul and international reputation of Japan.
Police investigations suggest that the yakuza have become voracious traders and manipulators of listed Japanese shares, and, via a network of about a thousand apparently legitimate front companies, occupy big positions on the shareholder registers of many companies that may not even be aware of the connection.
Read full article here: http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4621950.ece
Thursday, August 28, 2008
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