Internet finance giant SBI Holdings has decided to withdraw from the business of collecting money from investors and lending to growth fields.
It became clear that some of the funds raised by the subsidiary involved in this business were not being used as planned, and we decided that it would be difficult to continue the business.
SBI Holdings' subsidiary "SBI Social Lending" provides financial services that lend funds collected from investors to fields such as solar power generation and return profits to investors.
However, a survey by a third-party committee revealed that the 12.9 billion yen loaned by this subsidiary based on investor funds was not used as planned, resulting in a series of significant delays in project construction. I did.
Given this, SBI decided that it would be difficult to continue its business, so it decided to withdraw from the business of collecting money from investors and lending to growth fields, and to voluntarily close the business.
SBI says that it will return the amount equivalent to the principal invested by the investor, "We deeply apologize for causing a great deal of inconvenience and concern to investors and related parties."
Regarding this issue, the Financial Services Agency has decided to issue a business suspension order to SBI's subsidiary, saying that it was soliciting investors with a false explanation.