Media News - Friday, April 04, 2008
NHK employees to be fired for insider trading
NHK will dismiss three employees for engaging in insider stock trading, NHK sources said Thursday. They are a reporter at NHK's news bureau in Tokyo, a reporter at its Gifu station and a director at its Mito station. The three allegedly gained about JPY 100,000 (EUR 624) to JPY 500,000 (EUR 3,120) each in March 2007 through trading shares based on information that NHK had exclusively obtained. They admitted during an in-house investigation that they conducted the trading and have been suspended from duties since March 5. Later in March, the Financial Services Agency ordered the three to pay fines ranging from JPY 60,000 (EUR 374) to JPY 260,000 (EUR 1,622) in response to a proposal by the Securities and Exchange Surveillance Commission. NHK President Genichi Hashimoto resigned Jan. 25 to take responsibility for the scandal. (Kyodo News via Japan Times)
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