Monday, February 13, 2006

Livedoor executives prosecuted

Tokyo prosecutors prosecuted Livedoor executives, including Takafumi Horie, former chief executive, and three other former employees for violations of the securities and exchange law.

They also stated that there was much as yet to be uncovered at the ill fated leading Japanese Internet company. The Livedoor saga is looking increasingly ominous. You just get this sinking feeling that underneath everything lies another Enron.

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