Miyauchi testifies
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.
