• SHARE

The Tokyo High Court on Tuesday upheld fund manager Yoshiaki Murakami’s two-year prison term for insider trading but suspended it for three years, calling the original ruling too harsh.

The high court also upheld Murakami’s ¥3 million fine and a record surcharge of ¥1.15 billion but reduced to ¥200 million the penalty against his former investment advisory fund, MAC Asset Management Inc., down from the ¥300 million imposed by the Tokyo District Court.

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

PHOTO GALLERY (CLICK TO ENLARGE)