Churning makes a killing

MoF fries in "no pan shabu shabu"

MoF fries in “no pan shabu shabu”

From salaryman to highwayman

It began when a box of documents was seized last year by Tokyo prosecutors looking into the activities of a financial racketeer alleged to be preying on Nikko Securities. Part of the fallout was the suicide last month of politician Shokei Arai.

The list, detailing more than 140 stock trades, more than a dozen of which were buy-and-sell orders executed on the same day, alerted prosecutors that there was something amiss.

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