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Company Livedoor [Company Info]
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Date Issue Title
25th May 2006 Fraud Investigation Livedoor executives go on trial

Report
Executives of Livedoor, the scandal-hit Japanese internet company, have gone on trial charged with breaking stock market rules and falsifying accounts.

The four men were arrested earlier this year with Livedoor's founder and charismatic head boss Takafumi Horie.

Mr Horie, who rose to prominence for his willingness to attack Japan's staid and traditional business world, will face trial on his own at a later date.

Mr Horie has been in custody since January and has denied the charges.

The four executives standing trial in Tokyo on Friday are Ryoji Miyauchi, Fumito Kumagai, Fumito Okamoto and Osanari Nakamura.

Along with Mr Horie, the executives have been charged with inflating profits at the internet firm and spreading false financial information about a transaction in 2004.

Livedoor's problems prompted a stock market tumble in January, and led to calls for a shake-up in Japanese securities laws and regulation.

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
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
13th Feb 2006 Fraud Investigation Livedoor Livedoor chief Horie is charged

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