Former Livedoor Co. executives are now suspected of booking fictitious transactions and revenues in 2005 as well as those earlier reported for the year to September 2004, investigative sources said Thursday.
Ryoji Miyauchi, then chief financial officer, told his deputies last February to prepare documents to book fictitious transactions and revenues from two Livedoor units, the sources alleged.
Fictitious revenues totaled 20 million yen to 30 million yen from Royal Shinpan Co. and 130 million yen from Cueznet Co., they claimed.
At a meeting after the orders were issued, a senior officer asked Miyauchi and others if the accounting fraud could remain a secret, and a female tax accountant assured the officer that there would be no problem, the sources alleged.