The Tokyo Stock Exchange is to delist internet firm Livedoor’s shares over allegations it broke securities law.
The Tokyo exchange said the action would result in the firm being removed from the market by mid-April.
The move came after Japan’s securities commission filed a criminal complaint against five former Livedoor executives for allegedly falsifying of accounts
Two former executives of Severn Trent Water are at the centre of a Serious Fraud Office investigation.
The company was ordered last week to hand back £42m to customers after a two-year investigation by regulator Ofwat, prompted by revelations in Financial Mail about the falsification of figures.
Ofwat sets bills based on accounts and reports provided by suppliers and it had given Severn Trent permission to raise prices at a higher rate than was justified based on the false figures
Japanese internet firm Livedoor’s former boss and other executives could be charged with falsifying financial results this week, reports have said.
Prosecutors claim the group doctored accounts to show a 5.3bn yen ($44
Microsoft’s efforts to comply with the European Commission’s anti-competition ruling are “entirely inadequate”, Brussels has warned.
The Commission said it would impose fines of up to 2m euros (£1.4m) a day if the firm continued to drag its feet
Internet giant Google Inc. has announced it has agreed to settle the “click fraud” suit brought against the company by smaller firms who claimed to have paid for bogus sales referrals. The bogus referrals are generated through “click fraud”
On the opening day of the World Economic Forum (WEF), The Berne Declaration and Pro Natura will confer the “Public Eye Awards” for the second year for particularly irresponsible corporate behavior. Over 20 corporations, both domestic and foreign, have been nominated in the categories Environment, Social Rights and Taxes. In addition, a “Positive Award” will […]
Enron’s former boss lied about the state of the firm’s finances months before its collapse, the company’s ex-finance chief has testified.
Andrew Fastow said Ken Lay claimed that Enron’s finances were robust in a interview in August 2001 despite him being aware of mounting problems.
“It was what Mr Lay was saying
In an interim report into allegations that first surfaced in 2004, Ofwat found incorrect income data and intentionally miscalculated debt figures would have had customers paying £42 ($75m) million more than justified by 2010.
Severn Trent overcharged its customers a total of £14m ($25m) over the 2004-7 period, according to the water company’s own statement.
The company has agreed to reduce price limits and return £42m to its 3
Enron’s former chief financial officer has testified to setting up partnerships designed to help the firm hide losses of millions of dollars.
Andrew Fastow took the witness stand at the trial of ex-Enron bosses Jeffrey Skilling and Ken Lay.
The two deny multiple charges of conspiracy, fraud and insider trading linked to the collapse of the US energy firm in December 2001
A US court has heard how pharmaceutical giant Merck knowingly concealed the risks of its arthritis drug Vioxx.
The allegation was made by a lawyer for Thomas Cona, 59, who blames his heart attack on the once popular treatment.
Being heard before a New Jersey judge, it is the latest of thousands of Vioxx cases due to go to court