• SHARE

The Tokyo District Court said Friday it will begin the trial of former Livedoor Co. President Takafumi Horie on Sept. 4 over alleged securities law violations, with 26 sessions scheduled to be held by Nov. 28, sources said.

The schedule was agreed upon Friday during the ninth session of conferences by court officials, prosecutors and Horie’s lawyers under the court’s pretrial proceedings, the sources said.

The 26 sessions during the nearly three-month period means the court will hold one to three a week during the period, they said.

At the outset of the trial, which will start at 10 a.m. on Sept. 4, the court will ask Horie to enter a plea.

His lawyers have said he will deny that he breached the Securities and Exchange Law.

The procedure will be followed by opening statements by the chief prosecutor from the Tokyo District Public Prosecutor’s Office and the chief defense counsel.

The court will then hear testimony from witnesses in connection with charges that Horie conspired with four other former Livedoor board members to fabricate financial figures for the statements of either Livedoor or Livedoor Marketing Co., or those of both statements.

The four others, all of whom have been charged with breaching the law, include former Livedoor Chief Financial Officer Ryoji Miyauchi and former Representative Director Fumito Kumagai.

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.

SUBSCRIBE NOW