Monday, November 12, 2007
The Yakuza responsible for the Japan property boom?
I think when people are sifting through the rubble of UK PLC, we will find plenty of gangsters involved in mortgage fraud. We need to hold Estate Agents personally accountable. Yakuza income has shrunk along with the rest of the economy, but some groups have moved out of traditional business such as prostitution and loan-sharking into real estate. A government-funded study in the late-1990s found that as much as 42 per cent of bad loans from banks involved organised crime. Guardian Article on Shoko Tendo