I admit the charges.

Breaking News "Gunma Prefecture".

By AI of "Isesaki FM".

Man pleads guilty to charges in Towa Bank loan fraud case.

In a case where Towa Bank was defrauded of loan funds, the first hearing of defendant Ishiuchi Naoto, 43, an employee of a beauty salon living in Misato-cho, Takasaki City, who was charged with fraud, was held at Maebashi District Court, where he pleaded guilty to the charges of defrauding a total of approximately 50 million yen.

In his opening statement, he pointed out that he had sought advice from his alleged accomplice, defendant Tanaka, 59, about quitting his job and opening a beauty salon after his salary had been reduced, and that he had been persuaded to take out a loan by pretending to be in the construction business, and that he had used the cash to repay his mortgage and for the store's expenses.