"SBI Holdings," a major online finance company, said that "there may be serious concerns about the business operations of the lender," regarding a subsidiary that collects money from investors and lends to growth fields. We are proceeding with an investigation by a third-party committee.
The company plans to announce the details of the problem and how to deal with investors based on the results of the survey that will be finalized in April.
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.
Regarding this subsidiary, SBI has set up a third-party committee of lawyers and is proceeding with a detailed investigation, saying that "there may be serious concerns about the business operations of the lender."
The company has not disclosed the specific content of the "problem," but said on the 17th that it "may have not fully fulfilled the duty of care required as a business executor."
On top of that, we will take the utmost measures to protect investors.
SBI hopes to clarify the details of the problem and how to deal with investors in response to the results of a third-party committee survey that was finalized in April.
Regarding this issue, the Financial Services Agency has issued a legal "report request order" to SBI Social Lending, requesting detailed reports.