In an insider trading case involving a new corona virus therapeutic drug development business by a medical venture company in Tokyo, the Police Agency lied for the purpose of manipulating stock prices in connection with the development business by former executives of business partners of medical venture companies. He was arrested on suspicion of fake transactions that violated the Financial Instruments and Exchange Law for making the announcement.
Several people were arrested, including Iku Takemori (50), a former director of the medical company "Senogenics Japan" in Chuo-ku, Tokyo.
It has been revealed that Tokyo's medical venture company "Tera" and Senegenics Japan have entered into a business alliance and have embarked on a business to develop a therapeutic drug for the new coronavirus, but according to investigators, former officer Takemori and others Is suspected of having made a false announcement regarding financing for the purpose of manipulating Terra's stock price in connection with this development project, such as counterfeit transactions that violate the Financial Instruments and Exchange Act.
On the 4th of this month, three people, including the president of an investment-related company
in Kanagawa Prefecture, were arrested for insider trading to buy shares based on inside information before the announcement of Terra.
It has virtually withdrawn from the drug development business, and the Police Agency and the Securities and Exchange Surveillance Commission are investigating the actual state of the business in detail.