In a loan fraud case involving a solar power related company in Yokohama City, the company has been expanding its business with a large amount of funds collected from a financial service called "social lending" for several years, but it has become stuck in debt. Interviews with related parties revealed that there was a suspicion that it was insolvent.
Naoyuki Ikuta (47), the president of Yokohama's solar power-related company "Techno System," and three others lied to two financial institutions last year under the pretext of receiving a loan for renewable energy-related business funds. On the 27th, he was arrested on suspicion of fraud by the Tokyo District Public Prosecutors Office for submitting an estimate and defrauding the total loan amount of more than 1.16 billion yen.
According to people familiar with the matter, the techno system has been expanding its business with a large amount of money raised from a financial service called "social lending" for several years aiming for an initial public offering, and is constructing a power generation facility related to renewable energy. And so on.
However, it turned out that there was a suspicion that the debt was insolvent due to a stalemate in cash flow due to a significant delay in construction of multiple projects.
The Special Investigation Department is suspected of having been operating a bicycle to use the loan to pay another creditor, and is expected to proceed with clarifying the actual situation regarding the uncertain flow of funds.
In response to the investigation, President Ikuta has denied the charges.