The Tokyo District Court dismissed a libel suit Monday filed by Haruho Fujii, former president of the now-defunct Japan Highway Public Corp., and said a magazine article correctly reported his concealment of the corporation's financial statements.

Fujii had sought 10 million yen in damages from Bungeishunju Ltd., publisher of the monthly Bungeishunju, which ran an article quoting a senior highway corporation official making this allegation against him.

Presiding Judge Hiroshi Noyama said the contents of the article were correct, while Fujii's arguments appeared groundless.