The president of a bankrupt rental kimono firm was arrested Saturday for allegedly falsely obtaining a bank loan before the firm went bust, leaving many young women without formal attire for this year's coming-of-age ceremonies.The arrest on fraud charges of Yoichiro Shinozaki, president of the Yokohama-based Harenohi, came a few hours after he returned home from the United States and was questioned by police. He is suspected of defrauding a bank of 35 million yen ($318,600) in loans on Sept. 30, 2016, the police said.The 55-year-old was mum before reporters when he arrived at Narita airpor…READ FULL ARTICLE
