ILEA001107759: (4)Business tycoon Tsutsumi arrested in Seibu share scam

Stocks reach multiyear highs on currency, economic prospects

TOKYO, Japan - A man looks at the price board outsides a brokerage house in the Marunouchi district in Tokyo on April 3. Tokyo stocks reached multiyear highs on the day -- the first trading day of Japan's new business year -- on a weaker yen against the U.S. dollar and robust sentiment over Japanese economic prospects. The 225-issue Nikkei Stock Average rose 273.65 points to 17,333.31, for its highest finish since July 12, 2000.

Seibu Railway shareholders OK plan to reorganize group operation

TOKOROZAWA, Japan - President Takashi Goto (C) and other management members of Seibu Railway Co. bow to shareholders at the beginning of an extraordinary shareholders general meeting in Tokorozawa, Saitama Prefecture, on Dec. 21. The meeting endorsed a plan to reorganize the company's group operations under a holding firm, a move that will end control of the railway and resort conglomerate by Kokudo Corp. and business tycoon Yoshiaki Tsutsumi, who has received a suspended prison term for insider trading and falsifying statements. (Kyodo)

Seibu Railway shareholders OK plan to reorganize group operations

TOKOROZAWA, Japan - President Takashi Goto (C) and other management members of Seibu Railway Co. bow to shareholders at the beginning of an extraordinary shareholders general meeting in Tokorozawa, Saitama Prefecture, on Dec. 21. The meeting endorsed a plan to reorganize the company's group operations under a holding firm, a move that will end control of the railway and resort conglomerate by Kokudo Corp. and business tycoon Yoshiaki Tsutsumi, who has received a suspended prison term for insider trading and falsifying statements.

2 Tsutsumi brothers to launch bid for Seibu Railway

TOKYO, Japan - Seiji Tsutsumi (L) and Yuji Tsutsumi, the two members of the Seibu group founding family will offer to buy Seibu Railway Co. in a bid to thwart efforts by Takashi Goto, the current president of the railway firm, to move the group toward a holding company structure, sources close to the matter said on Oct. 31. Goto is working with Yoshiaki Tsutsumi, former chairman of Kokudo Corp., to restructure the Seibu group.

(2)Tsutsumi admits role in false stock reports, insider trading

TOKYO, Japan - Yoshiaki Tsutsumi, former chairman of Kokudo Corp. and Seibu Railway Co., returns to his home in the town of Ninomiya, Kanagawa Prefecture, on June 16 after the first hearing of his trial at the Tokyo District Court. (Kyodo)

Tsutsumi admits role in false stock reports, insider trading

TOKYO, Japan - Yoshiaki Tsutsumi, former chairman of Kokudo Corp. and Seibu Railway Co., enters the Tokyo District Court on June 16. He admitted his involvement in falsifying financial statements on shareholdings of Seibu Railway and insider trading in the first hearing of his trial. (Kyodo)

Nippon Steel group named to lead Mitsui Mining reconstruction

TOKYO, Japan - Mitsui Mining Co. President Taro Yamaho (R) speaks at a press conference in Tokyo on March 16 after the state-backed Industrial Revitalization Corp. of Japan named a Japanese consortium led by Nippon Steel Corp. to sponsor the reconstruction of the ailing mining firm. The consortium, which includes trading house Sumitomo Corp. and Daiwa Securities SMBC Principal Investment Co., an investment arm of Daiwa Securities Group Inc., has competed for the sponsorship with U.S. investment fund WL Ross & Co.

(2)Business tycoon Tsutsumi arrested in Seibu share scam

TOKOROZAWA, Japan - Prosecutors enter the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March 3. The company was searched in connection with former Chairman Yoshiaki Tsutsumi's alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading. Tsutsumi was arrested.

(5)Business tycoon Tsutsumi arrested in Seibu share scam

OSAKA, Japan - A large screen at a railway station in Osaka runs news on the arrest of former Kokudo Corp. Chairman Yoshiaki Tsutsumi on March 3. Tsutsumi, once listed by Forbes magazine as the world's richest man, was arrested for his alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading. (Kyodo)

(3)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - Prosecutors raid the head office of Seibu Railway Co. (R) and the building that houses the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March. 3. The two firms were raided over former Kokudo Chairman Yoshiaki Tsustumi's alleged involvement in falsifying financial statements on shareholdings in the railway operator and insider trading. Tsutsumi was arrested. (Kyodo)

(4)Business tycoon Tsutsumi arrested in Seibu share scam

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