Japan regulator rejects $190 bln share filing

Newswire

By David Dolan and Reiji Murai TOKYO, Jan 28 (Reuters) - A businessman with a $9 firm has drawn the wrath of Japan's financial regulator by falsely claiming to have bought controlling stakes worth $190 billion in Sony Corp. and five other top companies. The Financial Services Agency said the claim by Shigeru Yamaguchi and his one-man firm with capital of 1,000 yen ($9) was false and ordered him to correct it by Monday or face possible fines and imprisonment. The incident could prompt ...

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