Former Livedoor Co. President Takafumi Horie said in court Tuesday he was unaware of any securities laws violations his company allegedly committed.
Answering questions from his defense lawyers for the second time since his trial over securities fraud began in September, the 34-year-old Internet mogul said he was never notified that proceeds from the sale of Livedoor stock were being illegally reported as company profit.
"I couldn't even imagine such a thing," he said. "I didn't receive any explanations during the company meetings."