The former director, who joined Eneserve in 2000 and retired from the post after the accusations were made, has owned up to the allegations, the Japan Times reports. While in charge of public relations for investors at the company, he allegedly sold short a large amount of shares in Eneserve in May 2006, correctly anticipating that the shares would fall after an imminent profit drop announcement.
‘Enforcement 40’ for 2020
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