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Article: DCM JAPAN PRESIDENT QUITS OVER INSIDER TRADING SCANDAL.
- Article from:
- AsiaPulse News
- Article date:
- May 15, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, May 15 Asia Pulse - Home improvement store operator DCM Japan Holdings Co. (TSE:3050) on Monday announced the resignation the same day of President Katsutoshi Maeda, 62, to take responsibility for his involvement in alleged insider trading.
Before plans for the three-way merger that created DCM Japan Holdings were announced in July 2005, then-Homac Corp. President Maeda is said to have leaked them to the president of a construction design company whom he had known for 20 years.
The ...