Takafumi Horie

Livedoor’s former Chief Financial Officer Ryoji Miyauchi, gave evidence against Horie in court last Friday. He said that Horie gave the go ahead for all illegal share transactions.

Horie denies knowing about what was going on in his company at the time.

“Our target was to earn 2 billion yen in pretax profit (for fiscal 2004) . . . and Horie ordered us to include the proceeds from the transactions (in Livedoor’s financial records) to boost profits,” Miyauchi told the court.

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Horie pleaded not guilty to all charges yesterday in court. It was the first time for him to be seen since he was released from remand earlier this year.

He seemed to look relaxed and well as he made his way to court.

Horie is scheduled to appear in court today for the first time. Reporters are eagerly waiting near his Roppongi Hills to catch a glimpse of the former Livedoor President.