Horie’s lawyers have said that he will plead not guilty.
“Horie had approval for all business operations from certified public accountants and other specialists, and was convinced he was operating within the bounds of the law,” lawyer Yasuyuki Takai said.
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Just moments ago Takafumi Horie was released from prison. He has lost 8 kilograms, his hair is a little longer and he looks much younger than he did a few months ago.
Cameras followed his entire trip by car from prison to his apartment in Roppongi Hills.
Horie is to be released finally from prison. His bail is set close to 3 million dollars.
Prosecutors are attempting to have a separate trial for Horie. The first hearing is scheduled for this summer.
It seems as though Usen is pushing through with its plans to work with Livedoor.
Uno last week said he would personally acquire a 12.74 pct stake in Livedoor and seek business tie-ups with the firm in a bid to turn the company around.
Even though three former Livedoor employees have been released from prison, it looks as though the chances of Horie to be released on bail are fairly slim.
Media and internet company Usen is still considering a tie-up with Livedoor despite an announcement by the Tokyo Stock Exchange that is shares are to be delisted.
Read the full story here.
Victims of the Livedoor share scandal have formed a group to take action against the company.
Their website can be found here: http://www.roodevil.jp/index.html
Horie will be served with further indictments this week. If found guilty he could be facing up to five years in prison.
“My claim was based on my wrong impression and prejudice. The e-mail is not authentic,” Nagata, a Democratic Party of Japan (DPJ) member of the House of Representatives, told a news conference on Thursday.
