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Livedoor CEO Enters a Not Guilty Plea

The World | IN BRIEFS / JAPAN

September 04, 2006|From Times Wire Reports

Takafumi Horie, the former CEO of the Internet firm Livedoor Co. who came to symbolize a freewheeling capitalism that challenged Japan's corporate norms, pleaded not guilty today to charges of breaking securities laws.

A January raid on Livedoor sent Tokyo share prices tumbling, halting trade and rattling confidence in the world's second-largest exchange.


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The case embarrassed Prime Minister Junichiro Koizumi, who had supported Horie's unsuccessful run for parliament.

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