Liberal Democratic Party lawmaker Shokei Arai, who allegedly made huge profits through questionable stock transactions, on Monday defied a party leader’s demand that he leave the LDP.

LDP Secretary General Koichi Kato met Arai on Monday morning and urged him to leave the party, saying his testimony before the Diet last Friday has deepened suspicions that he may have been involved in illicit trading with Nikko Securities Co. However, Arai rejected the demand, saying leaving the party would mean the end of his political career, according to Kato. LDP executives want him to leave the party to prevent the scandal from adversely affecting Diet proceedings on budgetary and other bills.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.