Horie takes stand in Murakami case

Horie testified for the defense of Yoshiaki Murakami on Tuesday. Murakami is also being tried for breaking securities laws. Murakami bought up shares in Nippon Broadcasting Systems before Horie launched a takeover of the company.

Murakami denies having knowledge of Horie’s intentions. He profited around $25 million from the deal.

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