Monday, January 23, 2006
Reported here, just days ago, was the raid on Livedoor Co. as part of a securities investigation in Toyko. It has not taken the Japanese authorities long to now arrest someone. The Washington Post reports here and the New York Times here on the arrest of Livedoor's President, Takafumi Horie. This case will be an interesting one to follow, to see how another country handles a prosecution of a major CEO type of individual. One also has to wonder the effect of such a prosecution internationally, as some of the products operate in the global marketplace.