Prosecutors Raid Livedoor Offices in Tokyo
An AP newswire article by Kozo Mizoguchi, via Yahoo! News, reports that:
Prosecutors on Monday raided Japanese Internet company Livedoor Co., whose outspoken chief executive had grown into a star here for trying to buy media conglomerates and running in nationwide elections.
About 20 officials walked into Livedoor headquarters in Tokyo Monday evening. Livedoor is suspected of violating securities laws in spreading false information, the Tokyo prosecutors' office said in a statement while refusing to give details on a pending case.
Fuji TV reported Livedoor is suspected of giving false information about a subsidiary in an alleged effort to improperly boost stock prices.
posted by Fergie @ 1/16/2006 11:02:00 AM
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