P.M. BRIEFING : 2 More Held in Japan Stock Scandal
Prosecutors today arrested two more top executives of companies at the center of a stock trading scandal, news reports said, bringing to six the number of people charged in the affair.
Shunjiro Mamiya, the managing director of Recruit Co., a fast-growing business information conglomerate, and Seiichi Tateoka, the managing director of a real estate subsidiary, Recruit-Cosmos Co., were arrested on charges of violating the Securities and Exchange Law, television and news agency reports said.
Today’s arrests came two days after the parent company’s founder, Hiromasa Ezoe, and three others were arrested on bribery charges.
The arrests have shaken Japan’s governing party and contributed to its loss in a special parliamentary election. Three Cabinet ministers and more than a dozen other prominent politicians and businessmen have resigned in the scandal.
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