• JIJI

  • SHARE

Tokyo police have arrested three people on suspicion of buying shares in Japanese biotechnology and drug startup Tella Inc. on the basis of undisclosed information on the company's planned development of a COVID-19 treatment.

The Metropolitan Police Department arrested Toshiaki Kubota, the 53-year-old president of a construction company, and two others on Friday for alleged involvement in insider trading in violation of the Financial Instruments and Exchange Act.

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)