In a case where the former president of the operating company of a major discount store "Don Quijote" was arrested for fraudulently recommending an acquaintance to buy his own stock, the former president denied the fraud before the arrest and then "stocks" I didn't know that it was illegal to recommend the purchase of a stock to an acquaintance, "he said in an interview with the people concerned.
Koji Ohara, a 57-year-old former president of Don Quijote Holdings, the operating company of Don Quijote, told his acquaintances in September before the inside information about the TOB = tender offer was released. On the 3rd, he was arrested by the Tokyo District Prosecutor's Office on suspicion of recommending a deal that violated the Financial Instruments and Exchange Act, alleging that he recommended buying shares.
After that, the acquaintance bought the stock for about 430 million yen and sold it at a high price, and made a profit of tens of millions of yen.
A transaction recommendation is an act in which an officer of a listed company who knows inside information before publication that affects the stock price recommends the purchase of shares for the purpose of profiting others, and even if the content of the information is not communicated, it is a detective. You will be subject to punishment.
Prior to his arrest, former president Ohara denied fraud and explained to others that "I didn't know that it was illegal to recommend the purchase of shares to an acquaintance." I found out by interviewing.
The former president was suspected of having learned about TOB and other information around the beginning of August, and then recommended his acquaintances to buy shares over the phone several times, and the Special Investigation Department is investigating the details.