An LDP Lower House member became entangled in the scandals enveloping the country’s four major brokerages Monday when he admitted to receiving profits from Nikko Securities Co. through dubious equity investments.

Earlier in the day, a newspaper reported that Nikko provided Shokei Arai with about 40 million yen between October 1995 and February 1997 through illegal means such as conducting stock transactions without prior orders from investors.

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