Ueno Bank collapsed after lending $146 million to three companies linked to its owner without real collateral. At the end of June, 29% of its deposits were government money, much from the state pension fund, and all eight executives are now in custody.
Key points
Loan: $146 million to three companies linked to owner Groupupo Vquez with no real collateral
Deposits: 29% were government money, much from the state pension fund
Executives: All eight executives involved are now in custody
Sources
Russia barrage balloon nets claim first drone catch
Russia's new barrage balloon system uses nets and Kevlar cords and reports a first drone capture. The developer says the system has achieved its first catch.
Key points
Nets and Kevlar cords deployed from balloons.
Developer reports first drone caught.
Sources
- Original post
- defence-blog.com - Linked in the post