winforbet gaming Former Japanese judge indicted for insider trading

Japan map. – Japanese public prosecutors indict 32-year-old former judge Soichiro Sato without arrest for alleged insider trading on Wednesday, December 25, 2024. Sato was charged with buying shares in around 10 companies for about 9.5 million yen using undisclosed information about tender offers between April and early September while he was working on a loan at the Financial Services Agency. INQUIRER.net stock images

TOKYO, Japan (Jiji Press) — Japanese public prosecutors on Wednesday indicted 32-year-old former judge Soichiro Sato without arrest for alleged insider trading.

Prosecutors also indicted without arrest former Tokyo Stock Exchange employee Keito Hosomichi, 26, and his 58-year-old father, Masato, in another insider trading case.

Article continues after this advertisement

Sato was charged with buying shares in around 10 companies for about 9.5 million yen using undisclosed information about tender offers between April and early September while he was working on a loan at the Financial Services Agency.

The benchmark Philippine Stock Exchange Index (PSEi) shed 0.49 percent, or 36.67 points, to close at 7,400.33.

FEATURED STORIES GLOBALNATION Teodoro tirade vs China ruling party irks embassy GLOBALNATION Newest PH cardinal assails Israel over Gaza attacks GLOBALNATION 38 dead and 29 survivors as Azerbaijani airliner crashes in Kazakhstan

READ: SC fires judge involved in wife’s illegal deals

Hosomichi was accused of feeding his father undisclosed information on tender offers involving three firms between January and April to have his father make a profit. His father allegedly purchased 17 million yen in shares based on the information.

Article continues after this advertisement

The insider trading brought Sato about 4 million yen in profit and the Masato Hosomichi side over 3 million yen in profit, people familiar with the situation said.

netplay slot Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.winforbet gaming

READ NEXT Japan Airlines reports cyber attack Japan PM Ishiba vows continued support to Ukraine EDITORS' PICK Support MMFF films, Bongbong Marcos urges the public Teodoro tirade vs China ruling party irks embassy DOH: Injuries from illegal firecrackers up this year The art of handaan: Turning gatherings into timeless expressions Road to absolute freedom for Mary Jane Veloso is ‘quiet’ – lawyer Korean TV shows coming to Netflix in 2025: ‘Squid Game 3′ and more MOST READ Comelec defends nuisance candidate rulings, says due process upheld Marcos OKs laws declaring special holidays in 9 areas MMFF 2024: Change in viewer behavior, word of mouth comes into play Pokwang reveals she has grandchild with her eldest daughter Follow @FMangosingINQ on Twitter --> View comments