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Company Livedoor [Company Info]
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Date Issue Title
13th Feb 2006 Fraud Investigation Livedoor chief Horie is charged

Report
Takafumi Horie, the former boss of Japanese internet firm Livedoor, has been indicted on charges of breaking securities laws, according to reports.

Together with three other Livedoor executives, Horie has been in custody since 23 January, when he was arrested on suspicion of misleading investors.

The Kyodo news agency said they are accused of spreading false financial information about a takeover in 2004.

They are also accused of inflating the financial figures of a subsidiary firm.

Livedoor's shares have plummeted almost 90% since the investigation began.

Last Friday, the securities watchdog filed a similar criminal complaint against Mr Horie and Livedoor.

Mr Horie, a celebrity in Japan who is known for his critical views of the country's business establishment, has denied any wrongdoing.

Livedoor's problems have shaken the country's business world and stock market and there are fears more problems may emerge.

One of Japan's best known internet companies, it had grown through a series of acquisitions and stock splits.

Other Reports on Livedoor
Date Issue Company Report
23rd Mar 2007 Fraud Investigation Livedoor Japanese tycoon and his staff guilty of fraud
4th Sep 2006 Fraud Investigation Livedoor Livedoor's Horie pleads innocence
23rd Jun 2006 Fraud Investigation Livedoor Top Japanese fund manager charged
5th Jun 2006 Fraud Investigation Livedoor Fund chief is arrested in continuing Livedoor scandal
25th May 2006 Fraud Investigation Livedoor Livedoor executives go on trial
16th Mar 2006 Other Issue Livedoor Livedoor shareholder to sue firm
13th Mar 2006 Fraud Investigation Livedoor Tokyo exchange to delist Livedoor
12th Mar 2006 Fraud Investigation Livedoor Livedoor boss facing new charge

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