Livedoor CEO Takafumi Horie Is Arrested
An AP newswire article byYuri Kageyama, via The Washington Post, reports that:
Takafumi Horie, chief executive of Japanese Internet portal Livedoor, was arrested Monday for alleged securities law violations in a scandal that has caused a week of turmoil in Japan's stock market.
The investigation into Livedoor also spread to Japan's political sphere Monday, with politicians grilling Prime Minister Junichiro Koizumi over his political support of Horie, a brash, young entrepreneur who had run for a parliamentary seat last year.
The arrests of Horie and three other executives culminates a weeklong investigation into Livedoor Co. which began with a surprise raid on its Tokyo headquarters and 33-year-old Horie's home last Monday.
posted by Fergie @ 1/23/2006 06:57:00 AM
0 Comments:
Post a Comment
<< Home