• Kyodo News

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Former investment fund manager Yoshiaki Murakami won’t be going to prison after all: prosecutors have decided not to appeal a Tokyo High Court ruling earlier this month that gave him a suspended sentence.

Murakami, 49, a former government official who became a high-profile shareholder activist and founded the Murakami Fund, has appealed the guilty verdict, trying to overturn his conviction for insider trading connected to shares of Nippon Broadcasting System Inc.

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