Livedoor's No. 2 says Horie involved in alleged crooked buyout deals
January 23, 2006Livedoor Co. executives, including the start-up company's No. 2 man Ryoji Miyauchi, have told prosecutors that President Takafumi Horie was involved in corporate takeover deals currently under scrutiny, investigative sources said Tuesday. ''Concerning corporate takeovers involving (Livedoor) affiliated companies through stock swaps, we informed the president of a string of developments and gained approval from him,'' the sources quoted the executives as saying.
Toshiba given priority in talks to buy Westinghouse Electric
January 23, 2006Toshiba Corp. has been notified by British Nuclear Fuels PLC that it will be given priority in negotiations for the right to acquire the company's U.S. nuclear power plant arm, Westinghouse Electric Co., Toshiba officials said Tuesday. The purchase cost is estimated at over $5 billion, or about 580 billion yen, which is more than double the amount earlier projected by industry observers, so Toshiba intends to invite other firms to jointly buy into Westinghouse.
Livedoor President Horie arrested for alleged financial fraud
January 23, 2006Prosecutors arrested Livedoor Co. President Takafumi Horie on Monday on suspicion of involvement in spreading false financial information to deceive investors, investigative sources said. Also arrested was Livedoor Chief Financial Officer Ryoji Miyauchi, the sources said.
Prosecutors set to arrest Horie, 3 other Livedoor execs Mon.
January 23, 2006Prosecutors plan to arrest Livedoor Co. President Takafumi Horie and three other executives Monday on suspicion of involvement in spreading false financial information to deceive investors, investigative sources said. The prosecutors sought court warrants Monday night to arrest Horie and the three other executives including Livedoor Chief Financial Officer Ryoji Miyauchi, the sources said.