3-year prison term demanded for Murakami over insider trading

3-year prison term demanded for Murakami over insider trading

TOKYO, Japan - Prosecutors at the Tokyo District Court on May 11 demanded Yoshiaki Murakami (file photo) be sentenced to three years in prison for allegedly profiting by trading stock using insider information in 2004 and 2005, a charge the founder of a well-known Japanese investment fund denies. The prosecutors also requested slapping Murakami with a 3 million yen fine and a surcharge of 1.15 billion yen. (Kyodo)

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