Ryoji Miyauchi played the role of star witness for the prosecution Friday on Day 2 of Yoshiaki Murakami's insider trading trial.
Miyauchi, the ex-Livedoor chief financial officer who has pleaded guilty in his own trial for accounting fraud at the Internet firm and has already appeared at Takafumi Horie's trial to testify on the Livedoor founder's involvement, told the Tokyo District Court that he and Horie told financier Murakami that Livedoor was about to buy one-third of Nippon Broadcasting System Inc.
Prosecutors are trying to establish that the one-time government bureaucrat was told in advance about the AM radio station deal and made money on the information. Murakami has pleaded not guilty.