TOKYO (Reuters) – Tokyo prosecutors indicted high-profile fund manager Yoshiaki Murakami on Friday on charges of insider trading in a deal involving scandal-hit Internet firm Livedoor.
Murakami, a former trade bureaucrat known for aggressively squeezing value out of the companies he targets, was arrested on June 5 for trading on advance knowledge of a takeover bid launched by Livedoor.
Murakami’s fall from grace has sent ripples through Japanese markets and policy-making circles. Bank of Japan Governor Toshihiko Fukui has faced criticism after it was revealed that he invested 10 million yen (47,000 pounds) in Murakami’s fund years ago.
