Ex-Livedoor Chairman Horie Charged With Fraud

14 February 2006

    TOKYO - Japanese businessman Takafumi Horie, an iconoclastic celebrity known for his critical views of the nation's business establishment, denied wrongdoing when charged at the weekend with breaking securities laws.
    With three other Livedoor executives, Horie has been in custody since 23 January, when he was arrested on suspicion of misleading investors.
    The trio are accused of spreading false financial information about a takeover in 2004 - also of inflating financial information for a subsidiary company.