Thursday, January 19, 2006

Japan: Executive Linked to Livedoor Deals Found Dead

An AP newswire article, via MSNBC, reports that:

The investigation into Internet startup Livedoor Co. that rattled Japan’s stock market this week took a morbid turn when the dead body of an executive linked to the company was found in a suspected suicide.

A body believed to be that of Hideaki Noguchi, 38, vice president of H.S. Securities Co., was found in a hotel in the southern state of Okinawa on Wednesday evening in a suspected suicide, according to local police spokesman Tatsuki Yara.

Noguchi is a former employee of On the Edge, the predecessor of Livedoor, which is at the center of a widening investigation that triggered the so-called “Livedoor shock” — the 6 percent plunge on the Tokyo Stock Exchange on Tuesday and Wednesday.


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