21.   The Sumitomo scandal surfaced within a week after police raids on leading department store operator Takashimaya Co. Ltd. for its alleged ties with mobsters.

22.   The scrutiny started last week when a major tax scandal surfaced in the western city of Puchon.

23.   It was the first public response from the Singapore government, MAS in particular, since the scandal surfaced at the weekend.

24.   Since the scandal surfaced, an increasing number of corporations have cancelled stock underwriting contracts with Nomura, resulting in a plunge in its commission revenues.

25.   Since the scandal surfaced in March, an increasing number of corporations have canceled stock underwriting contracts with Nomura, resulting in a plunge in its commission revenues.

26.   Since the scandal surfaced, an increasing number of corporations have canceled stock underwriting contracts with Nomura, resulting in a plunge in its commission revenues.