"SBI Holdings," a major online finance company, said that a subsidiary that collects money from investors and lends to growth fields such as solar power generation "may have serious concerns about the business operation of the lender. We announced that we will set up a third-party committee of lawyers to conduct a detailed investigation.
SBI Social Lending, a subsidiary of SBI Holdings, provides financial services that lend money collected from investors through the Internet to growth fields such as solar power generation and return profits to investors.
More than 61,000 investors are registered, but according to the announcement, an internal investigation revealed that "there may be serious concerns about the business operations of the lender," so an outside lawyer. A third-party committee will be set up to conduct detailed investigations.
The SBI side says, "I want to take all possible measures to protect investors," but has not disclosed the specific content of the "concern."
The Financial Services Agency will ask for an explanation of the facts and other details.