Fifth Suspect Arrested in Towa Bank Fraud Case

"Breaking News ""Gunma Prefecture"".

By AI of ""Isesaki FM"".

It has been revealed that the Gunma Prefectural Police have arrested and indicted a fifth suspect in a fraud case involving the theft of loan funds from Towa Bank.

The arrested suspect is Yatabe Makoto, 40 years old. According to investigators, Yatabe is suspected of conspiring with defendant Tanaka Toshitake to pose as a construction company that he does not actually operate, and to have defrauded approximately 57 million yen in prefectural system loans and 1 million yen in business continuity subsidies from the Small and Medium Enterprise Agency from 2019 to 2021. In this case, defendant Tanaka has already been found guilty of conspiring with four others, including Yatabe, to defraud a total of 243 million yen from Towa Bank and other institutions."