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Zentoshin has 63 financial creditors, total liabilities of 115.1 billion yen
Zentoshin, a credit card payment processing service that has begun bankruptcy proceedings, has 63 financial creditors, with total liabilities reaching 115.1 billion yen. This was revealed by a Tokyo Shoko Research investigation. The largest creditor is Kinki Sangyo Credit Union, at 21.9 billion yen. Next are Tokyo Star Bank and Towa Bank, each at 8 billion yen, followed by Yamaguchi Bank, a unit of Yamaguchi Financial Group, at 7.4 billion yen. Zentoshin is suspected of having engaged in window-dressing its financial statements for at least 20 years, allegedly fabricating deposits to conceal deteriorating performance.
8418.JP · Capital · Negative Yamaguchi Bank, a unit of Yamaguchi Financial Group, has 7.4 billion yen exposure to bankrupt Zentoshin.
8558.JP · Capital · Negative Towa Bank is a major creditor with 8 billion yen exposure to Zentoshin, which is bankrupt due to alleged fraud.
Tokyo Star Bank, Limited · Capital · Negative Tokyo Star Bank is a major creditor with 8 billion yen exposure to bankrupt Zentoshin.
近畿産業信用組合 (Kinki Sangyo Credit Union) · Capital · Negative Kinki Sangyo Credit Union is the largest creditor with 21.9 billion yen exposure to bankrupt Zentoshin.