Takafumi Horie

Last night on the news Nagata from the LDP apologized for presenting allegations without strong evidence.

Nagata claimed that Horie had paid around 30 million yen to the son of the politician, Tabata.

The email he claimed was evidence, was the creation of a journalist.

It kinds of shows you how gullible Japanese politicians can be. If you are going to order a bribe to a politician be paid, you would hardly send it over the internet.

I don’t believe Horie would be that stupid.

The email evidence is possibly a journalist’s fabrication.

See the full story:

DPJ admits sender, recipient of ‘Horie mail’ may be same person

Not surprisingly, the new president of Livedoor has come out and said that even if Horie admits to the charges, he won’t be welcome back.

Reported in the Japan Times.

Horie will be spending at least 10 more days in prison after fresh charges have been brought to him.

Story.

A US based fund has been buying up shares in Livedoor. They have already bought out 5 per cent of shares.

They are getting the shares at a good price, but with Livedoor possibly being delisted, one wonders if this is a good move.

Source: Scion Funds buys up Livedoor shares

After new indictments have been served to Horie, the chances of Livedoor being delisted are increasing.

The Yomiuri has the full story.

LDP politcian Katsuei Hirasawa says he has a copy of an email which Horie asks 30 million yen to be given to LDP Secretary General, Takebe.

Further reading.

LDP Secretary-General Tsutomu Takebe, continues to deny that neither he nor his son received bribes from former Livedoor CEO, Takafumi Horie.

“My second son showed me all of the bank accounts and passbooks under his name as well as the name of his company,” Takebe said at a Friday meeting of LDP executives. “I had a third party check those documents but could not find any evidence to confirm the allegations.”

Further reading.

Livedoor shares have fallen down further since Horie was arrested.

It was reported in Japanese media that Horie is spending his time reading an encyclopedia in between court sessions.

Forbes is reporting today that Horie may have to spend up to five years in prison for the crimes he has allegedly committed.