How Japan’s Banks Secretly Partnered With The Yakuza To Steal $1 Trillion
Did you know Japan’s biggest banks didn’t [music] get robbed by the Yakuza? They invited them in as partners. In 1980s, Tokyo Yakuza boss Susumu Eshi walked into Sumitomo Bank headquarters not to steal, but to make a deal. Banks like Fuji and Sanwa were secretly caughting organized crime [music] to collect bad debts and launder money through real estate. They knowingly made billions [music] in loans to Yakaza front companies during Japan’s bubble economy. When everything collapsed in 1991, the truth came out. Yakuza groups controlled over $1 trillion in defaulted bank loans. Japan’s financial system was more criminal than the criminals themselves. The world’s second largest economy nearly went bankrupt because legitimate banks chose greed over
Banks + Yakuza = $1T scandal that almost broke Japan 💰 #finance #japan #history #crime #Shorts