3-yr jail term finalized for ex-head of failed regional bank.KANAZAWA, Japan, July 22 Kyodo A three-year prison sentence without suspension was finalized See finalization. Wednesday for a former president of failed Ishikawa Bank who has been convicted of aggravated ag·gra·vate tr.v. ag·gra·vat·ed, ag·gra·vat·ing, ag·gra·vates 1. To make worse or more troublesome. 2. To rouse to exasperation or anger; provoke. See Synonyms at annoy. breach of trust. The lawyer for Shigeru Takagi, 73, said he has not appealed to the Supreme Court against the July 7 ruling by the Nagoya High Court's Kanazawa branch by Wednesday, the deadline for doing so. The high court upheld the three-year prison term given by the Kanazawa District Court, saying the former president caused losses to the second-tier regional bank by lending 5.7 billion yen to a near-bankrupt advertising firm through a golf link operator owned by the bank in September 2000. Ishikawa Bank, based in Kanazawa, the capital of Ishikawa Prefecture, went bankrupt BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt. 2. It is proper to notice that there is much difference between a bankrupt and an insolvent. in December 2001. |
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