Japan's Livedoor fined 2.4 mln usd over accounts scandal |
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Published
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Fri, 23 Mar 2007 08:15
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TOKYO (XFN-ASIA) - The Tokyo District Court fined Internet firm Livedoor Co. 280 mln yen for falsifying its results reports, a court official said.The Tokyo District Court's latest punishment follows the conviction of Livedoor founder Takafumi Horie and four other executives for changing the company's earning reports to conceal a loss.The same court also convicted two accountants earlier today for their role in the financial scandal at the once-high flying Internet firm.The Tokyo District Court sentenced Taishin Hisano to 10 months in jail and gave Motoshi Kobayashi a one year suspended prison term for colluding with former Livedoor executives to conceal losses at the company.afp
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Japanese court gives Livedoor founder 2-1/2 years in prison for fraud - UPDATE 