Advertisement
YOU ARE HERE: LAT HomeCollectionsSusumu Ishii
IN THE NEWS

Susumu Ishii

FEATURED ARTICLES
NEWS
September 6, 1991
Susumu Ishii, 67, a one-time gangland boss whose dealings with key stock brokerages put him at the center of a major scandal in Japan. Until last year, Ishii headed the Inagawa-kai, Japan's second-largest "yakuza" underworld syndicate. He led the syndicate into stocks, prompting heavy market speculation that sent prices soaring. His involvement led to the resignation this summer of the heads of Nomura Securities and Nikko Securities, two of Japan's top securities houses.
ARTICLES BY DATE
NEWS
September 23, 1992 | SAM JAMESON, TIMES STAFF WRITER
A deal between Japan's political kingpin and Tokyo's top gangster spurred the largest breach of trust in this country's history, inflicting a $774-million loss on Tokyo Sagawa Kyubin, a parcel delivery company, prosecutors asserted Tuesday. The charges were made in Tokyo District Court against Hiroyasu Watanabe, 58, former president of Tokyo Sagawa.
Advertisement
NEWS
September 23, 1992 | SAM JAMESON, TIMES STAFF WRITER
A deal between Japan's political kingpin and Tokyo's top gangster spurred the largest breach of trust in this country's history, inflicting a $774-million loss on Tokyo Sagawa Kyubin, a parcel delivery company, prosecutors asserted Tuesday. The charges were made in Tokyo District Court against Hiroyasu Watanabe, 58, former president of Tokyo Sagawa.
NEWS
September 6, 1991
Susumu Ishii, 67, a one-time gangland boss whose dealings with key stock brokerages put him at the center of a major scandal in Japan. Until last year, Ishii headed the Inagawa-kai, Japan's second-largest "yakuza" underworld syndicate. He led the syndicate into stocks, prompting heavy market speculation that sent prices soaring. His involvement led to the resignation this summer of the heads of Nomura Securities and Nikko Securities, two of Japan's top securities houses.
BUSINESS
July 8, 1991 | LESLIE HELM, TIMES STAFF WRITER
As a deepening securities scandal continues to rock Japan, investigators are unearthing details of a stock scam that offers a rare glimpse of the shady back alleys behind Japan's stock exchanges--how Japan's top brokerage houses appear to play the Tokyo stock market as if they were running a private casino with the odds heavily favoring the house.
BUSINESS
September 13, 1991 | From Associated Press
The World Bank has removed two top Japanese securities firms from a billion-dollar bond underwriting group, and a newspaper reported that they were penalized because of their ties to gangsters. Nomura Securities Co., the world's largest brokerage, and Nikko Securities said they will seek to be readmitted to the group. The two companies, which have admitted dealing with a former underworld boss, were at the center of a scandal involving compensating favored clients for stock market losses.
NEWS
November 26, 1992 | LESLIE HELM, TIMES STAFF WRITER
Former Prime Minister Noboru Takeshita today denied charges that he had intervened to help a scandal-ridden express delivery company in exchange for the company's help in using gangsters to quiet a small group of his right-wing critics. His two hours of testimony before Japan's Parliament was part of a continuing effort to unravel some of the mysteries surrounding influence-buying by the delivery company Tokyo Sagawa Kyubin.
BUSINESS
July 13, 1991 | From Reuters
A Japanese transport company alleged to have links to gangsters has removed its president and managing director, the firm's new president said Friday. "We learned about such affairs after reading the press. We were surprised and are currently investigating," said Seisho Minatogawa, the new president of Tokyo Sagawakyubin Co.
BUSINESS
September 4, 1991 | From Associated Press
Japan's finance minister said Tuesday that his ministry is expanding its inquiry of Nomura Securities Co., which allegedly recommended a railway company's stock to customers after a client with underworld connections had made large purchases of it. Also Tuesday, a Socialist lawmaker said a Finance Ministry document he obtained shows that Nomura, the world's largest brokerage, illegally drove up the price of Tokyu Corp. shares, earning the underworld figure millions of dollars.
BUSINESS
October 9, 1991 | From Associated Press
Japan's government punished Nomura Securities Co. on Tuesday for excessive promotion of a particular stock, ordering the world's largest brokerage to suspend some trading activities for up to six weeks. The Finance Ministry also told Nomura and Japan's next three largest brokerages to halt stock trading in their corporate divisions temporarily for compensating favored clients for stock market losses in the last fiscal year.
BUSINESS
July 8, 1991 | LESLIE HELM, TIMES STAFF WRITER
As a deepening securities scandal continues to rock Japan, investigators are unearthing details of a stock scam that offers a rare glimpse of the shady back alleys behind Japan's stock exchanges--how Japan's top brokerage houses appear to play the Tokyo stock market as if they were running a private casino with the odds heavily favoring the house.
BUSINESS
September 9, 1991 | From Associated Press
Two weeks of special parliamentary hearings into Japan's financial scandals have ended with no major bombshells, just grumbling that nothing will change. With the lack of any sizzling revelations, some analysts predict that the scandals will soon fade away. "I really don't think anything will come of it," said Robert Zielinski, a securities analyst and author of a book about the Tokyo stock market. "They will take the files (of testimony), put them into a large crate . . .
OPINION
December 27, 1992 | Alex Gibney, Alex Gibney, who was executive producer of the PBS series "The Pacific Century," is working on a documentary about the yakuza.
The specter of Susumu Ishii is haunting Japan. Although he died more than a year ago, Ishii's role as the head of Japan's second largest organized-crime syndicate continues to bedevil the country. Investigations are exposing an enormous and ever-growing web of scandal and corruption enmeshing Ishii, right-wing fanatics and street thugs and Japanese businessmen and politicians.
Los Angeles Times Articles
|