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| Version 1 | Version 2 |
|---|---|
| Japan fund manager found guilty | Japan fund manager found guilty |
| (about 3 hours later) | |
| Japanese fund manager Yoshiaki Murakami has been given a two-year jail sentence after a Tokyo court found him guilty of inside trading. | Japanese fund manager Yoshiaki Murakami has been given a two-year jail sentence after a Tokyo court found him guilty of inside trading. |
| He had broken securities laws by trading shares during the Internet firm Livedoor's bid for Nippon Broadcasting System (NBS) in January 2005. | He had broken securities laws by trading shares during the Internet firm Livedoor's bid for Nippon Broadcasting System (NBS) in January 2005. |
| Murakami, 47, who had pleaded not guilty, sighed at the verdict. | Murakami, 47, who had pleaded not guilty, sighed at the verdict. |
| Two executives from scandal-hit Livedoor have already received jail terms, and others suspended sentences. | Two executives from scandal-hit Livedoor have already received jail terms, and others suspended sentences. |
| Takafumi Horie was sentenced in MarchThe court heard that Murakami received confidential data from Takafumi Horie, Livedoor's ex-chief executive. | Takafumi Horie was sentenced in MarchThe court heard that Murakami received confidential data from Takafumi Horie, Livedoor's ex-chief executive. |
| He then bought 10bn yen ($82m) worth of NBS shares, ahead of a failed bid by Livedoor for the broadcaster. | He then bought 10bn yen ($82m) worth of NBS shares, ahead of a failed bid by Livedoor for the broadcaster. |
| The NBS share price rose, bringing Murakami a substantial profit. | The NBS share price rose, bringing Murakami a substantial profit. |
| Prosecutors had demanded a three-year prison term for Murakami. | |
| Judge Kunihiko Koma also penalised Murakami, former head of MAC Asset Management, with a 3m yen ($24,600; £12,000) fine and an additional penalty of 1.149bn yen ($9.02m; £4.39m). | |
| Horie received a two-and-a-half-year jail term in March for falsifying Livedoor's accounts and misleading investors. | Horie received a two-and-a-half-year jail term in March for falsifying Livedoor's accounts and misleading investors. |