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Topic: Yoshiaki Tsutsumi

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	business.iafrica.com \| world news Former richest man falls from grace
		Yoshiaki Tsutsumi, who became the world's richest man in the 1980s by expanding the business empire his father built after World War II, was arrested on Thursday in a scandal over falsifying financial statements.
		Tsutsumi's father, Yasujiro, bought up property as Japan rebuilt from the ruins of World War II and his son Yoshiaki was named as the world's richest person by Forbes magazine for four years until 1990, when his fortune was put at $16-billion.
		Yoshiaki Tsutsumi was only 31 years old when he took over Seibu in 1965 shortly after his father's death despite being the illegitimate third son in a culture where eldest sons generally lead the family businesses.
	business.iafrica.com /worldnews/421247.htm (627 words)

	New Page 1 (Site not responding. Last check: 2007-10-11)
		Yoshiaki Tsutsumi seorang warga Jepang yang pernah menduduki posisi sebagai orang terkaya sejagat, terancam akan menghabiskan waktunya di belakang jeruji besi setelah mendapat tuduhan telah melakukan hal yang melanggar norma-norma hukum.
		Ayahnya, Yasujiro Tsutsumi adalah seorang tokoh yang berperan penting dalam membangun perekonomian Jepang setelah hancur lebur akibat Perang Dunia ke-2.
		Yoshiaki Tsutsumi baru berusia 31 tahun saat ia mengambil alih bisnis keluarganya pada 1965 setelah kematian ayahnya, yang juga mantan juru bicara parlemen.
	www.balipost.co.id /balipostcetak/2005/3/4/m2.htm (441 words)

	[No title]
		The lawsuit is the result of the resignation of one member of the family, Yoshiaki Tsutsumi, as chairman of Kokudo and Seibu in the wake of a corporate scandal that led to Seibu Railway being delisted from the Tokyo Stock Exchange for falsification of shareholder records.
		Yoshiaki Tsutsumi was a son of the late Yasujiro Tsutsumi, who had claimed ownership of the companies as his father’s successor.
		Yoshiaki Tsutsumi, who was listed as the richest man in the world when Seibu acquired its properties in Hawaii, pleaded guilty in June to falsifying shareholder records and insider trading.
	www.mauinews.com /story.aspx?id=14522 (469 words)

	Japanese rail tycoon pleads guilty to fraud - Business - International Herald Tribune
		Tsutsumi, whose companies operate a vast network of luxury hotels, train lines and golf and ski resorts, entered the guilty plea on the first day of his trial at the Tokyo District Court, according to a court official.
		Tsutsumi inherited the foundations of the Seibu group from his father, Yasujiro, a cunning and colorful entrepreneur who spent a lifetime acquiring plots of pristine wilderness and developing them into popular vacation spots.
		Tsutsumi was listed as the richest man in the world by Forbes magazine in 1990 before the collapse of the Japanese real estate market wiped out a big chunk of his wealth.
	www.iht.com /articles/2005/06/16/business/seibu.php (577 words)

	The Epoch Times \| Japan Billionaire Tsutsumi Arrested in Scandal
		Tsutsumi, 70, former chairman of Seibu Railway group firm Kokudo Corp., is suspected of approving the falsification of financial statements by Seibu Railway and of approving the sale of its shares before the scandal was revealed.
		In his heyday, Yoshiaki was also known for his dictatorial style and his shunning of the consensus-building that has long been seen as a basic principle of Japanese management.
		A keen sportsman, Tsutsumi bought a baseball team, the Seibu Lions, served as chairman of the Japan Ski Association and played a key role in bringing the 1998 Winter Olympics to the central Japanese city of Nagano.
	www.theepochtimes.com /news/5-3-3/26759.html (393 words)

	ANDONGKIM.COM - Japanese tycoon Toshiaki Tsutsumi arrested
		Yoshiaki Tsutsumi, the Japanese business tycoon who was once lauded as the world’s richest man, was arrested on Thursday for alleged insider trading and doctoring financial statements.
		The story behind Yoshiaki Tsutsumi’s ascent, culminating in his listing as the world’s richest individual by Forbes magazine in 1990 with a net worth of $16bn, is legendary in Japan.
		Of his two acknowledged sons, Yoshiaki and Seiji, it is widely believed the former is illegitimate, while Seiji is reported to be the legitimate child of his third wife.
	www.andongkim.com /articles/2005/03/japanesetycoonarrested.htm (432 words)

	Breaking News English - Business English - Tycoon avoids prison over shares scam (Oct 28, 2005)
		Tsutsumi’s fall from grace has been swift, although he does not quite prove the adage “the bigger they are, the harder they fall,” judging from his light court sentencing.
		Tsutsumi is the former chairman of Kokudo Corporation, the core firm of the Seibu railway group, with holdings in construction, hotels, resorts and a baseball team.
		Tsutsumi is the former chairman of Kokudo Corporation, the core firm of the Seibu railway group, with ___________ in construction, hotels, resorts and a baseball team.
	www.breakingnewsenglish.com /0510/051028-tycoon.html (1960 words)

	The mighty fallen » 7DAYS General and Local News, Dubai, Abu Dhabi UAE (Site not responding. Last check: 2007-10-11)
		Railroad and hotel magnate Yoshiaki Tsutsumi, once listed by Forbes as the world’s richest man, pleaded guilty to charges of insider trading and falsifying financial records at the opening of his trial yesterday, in a case that highlights Japan’s moves toward tougher corporate governance.
		If convicted, Tsutsumi faces up to five years in prison and a fine of up to five million yen ($46,000) for falsifying financial statements, or up to three years in prison and a fine of up to three million yen ($27,000) for insider trading.
		Tsutsumi’s case is only one in a string of scandals triggered by the changing climate.
	www.7days.ae /2005/06/17/the-mighty-fallen.html (814 words)

	HonoluluAdvertiser.com - Wireless
		The Tsutsumi cult of loyalty was so strong that when Japanese regulators last year began probing long-heard rumors of vast corporate corruption at the publicly held Seibu Railways Co., two company executives committed suicide rather than squeal on their big boss.
		Charged with massive insider trading and falsifying corporate records, Tsutsumi — now free on $1 million bail — faces the start of what is likely to be one of the nation's highest-profile trials in recent history Thursday.
		Tsutsumi's startling fall from grace is being viewed by many here as a milestone in Japan's attempt to shift away from decades of meek corporate accountability and a my-way-or-the-highway style of governance, ushering in more modern management styles.
	the.honoluluadvertiser.com /palm/2005/Jun/12/bz/bz11p.html (855 words)

	A Japan 'old boy' falls - Business - International Herald Tribune
		TOKYO A Japanese court Thursday convicted Yoshiaki Tsutsumi, a resort and railroad businessman, of insider trading and falsifying company records, imposing a fine of ¥5 million and a suspended prison sentence.
		Tsutsumi, once ranked the world's richest man by Forbes magazine, had pleaded guilty in June to charges of falsifying financial statements to conceal that his family-run Kokudo Corp. had control over Seibu Railway.
		Tsutsumi separately faces a civil damages suit filed by a major Japanese pension fund for investment losses linked to him and the two companies.
	www.iht.com /articles/2005/10/27/business/tsutsumi.php (427 words)

	The Standard - Tsutsumi, once the world's richest man, faces charges over Seibu - World Section
		Yoshiaki Tsutsumi, who was reputed to be the world's richest man 15 years ago on the back of Japan's "bubble economy,'' is set to be indicted for allegedly lying in financial reports and insider trading when he headed the Seibu property, retail and railway empire.
		Tsutsumi, who was chairman of Kokudo, the railway company's parent, will be questioned by prosecutors on his role in a statement that allegedly under-reported holdings of major shareholders, said the Nihon Keizai Shimbun.
		Tsutsumi, whose family bought up property as Japan rebuilt after World War II, was named as the world's richest person by Forbes in 1990, with a fortune put then at US$16 billion (HK$124.8 billion).
	www.thestandard.com.hk /stdn/std/World/GC03Wd07.html (450 words)

	Olympic Committee Accepts Tsutsumi's Resignation (Site not responding. Last check: 2007-10-11)
		Last week, the IOC executive board upheld an ethics panel recommendation that Tsutsumi, 70, be stripped of his honorary post with the global Olympic body and suspended him.The former head of railway giant Kukudo Corp.was indicted in Japan earlier this year following accusations he made false reports on the firm's holdings and of insider training.
		Tsutsumi's decision, which thereby ends the procedure before the IOC Ethics Commission," the IOC said in a statement.
		Tsutsumi previously served as head of the Japanese Olympic Committee and was awarded the Gold Olympic Order in 1991.
	sport.monstersandcritics.com /news/printer_6789.php (115 words)

	ABC News 4 Charleston - Japanese Tycoon Sentenced in Fraud Case (Site not responding. Last check: 2007-10-11)
		Tsutsumi had faced up to five years in prison and a fine of up to 5 million yen ($43,100) for falsifying financial statements, and up to three years in prison and a fine of up to 3 million yen ($25,900) for insider trading.
		In the era of Japan's postwar modernization, Tsutsumi developed a reputation for ruling over his empire of hotel chain, ski resorts, golf courses and professional baseball team, the Seibu Lions, with an iron hand.
		However, since his arrest in March, Tsutsumi has been portrayed in the national media as a disgraced figure of the past.
	www.abcnews4.com /news/stories/1005/272299.html (490 words)

	Yoshiaki Tsutsumi, Schema-Root news (Site not responding. Last check: 2007-10-11)
		Yoshiaki Tsutsumi, who was arrested last year but received a suspended sentence, fell 18 spots in the rankings.
		Yoshiaki Tsutsumi from the Seibu group's founding family, who used to control the conglomerate by owning 36 percent of its former core company Kokudo Corp...
		Yoshiaki Tsutsumi, former Kokudo chairman and also a son of Seibu founder Yasujiro Tsutsumi, was fined and given a 30-month suspended jail term in October on...
	schema-root.org /people/career/business/yoshiaki_tsutsumi (639 words)

	Japanese billionaire quits IOC (Site not responding. Last check: 2007-10-11)
		Japanese billionaire Yoshiaki Tsutsumi has quit his role as honour member of the International Olympic Committee, the IOC said on Wednesday.
		Tsutsumi was arrested in his homeland last month on suspicion of fraud and insider trading after it was revealed that his Seibu Railway company had submitted false reports on its ownership structure for decades.
		Tsutsumi had been instrumental in bringing the 1998 Winter Olympics to Nagano, Japan, and was appointed to his IOC role in 2000.
	us.rediff.com /sports/2005/apr/28ioc.htm (237 words)

	Tycoon's trial reflects new climate in Japan - The Honolulu Advertiser - Hawaii's Newspaper
		TOKYO — Once listed by Forbes as the world's richest man, Yoshiaki Tsutsumi was revered over the decades of Japan's modernization as a charismatic billionaire who made his fortune on a nationwide hotel chain, major railway and resort development.
		Tsutsumi apologized for what he had done and acknowledged he had hurt shareholders, the quasi-public NHK TV reported.
		Tsutsumi could face up to five years in prison and a fine of up to $46,000 for falsifying financial statements, or up to three years in prison and a fine of up to $27,000 for insider trading.
	the.honoluluadvertiser.com /article/2005/Jun/16/bz/bz18p.html (676 words)

	BBC NEWS \| Business \| Japanese mogul arrested for fraud
		Yoshiaki Tsutsumi was once ranked as the world's richest man and ran a business spanning hotels, railways, construction and a baseball team.
		Mr Tsutsumi's fall from grace follows the arrests of several other top executives in Japan as the authorities try to curb the murky business practices which were once widespread in Japanese companies.
		Mr Tsutsumi's determination to stay at the top at all costs may have had its roots in his childhood.
	news.bbc.co.uk /2/hi/business/4314233.stm (646 words)

	Japan railroad and hotel magnate pleads guilty \| newratings.com (Site not responding. Last check: 2007-10-11)
		Japanese news agencies have reported that Yoshiaki Tsutsumi, the former chairman of Seibu Group, apologized for whatever he did and said that his actions had hurt shareholders.
		Prosecutors alleged that Yoshiaki Tsutsumi had conspired with his top level executives to falsify Seibu Group's 2003 financial statement and was involved in insider trading.
		Yoshiaki Tsutsumi resigned from his position as chairman last October when the scandal was exposed and Seibu Group's stock got subsequently de-listed.
	www.newratings.com /new2/beta/article_874996.html (240 words)

	Billionaire developer’s fall reflects growing accountability (printable version) (Site not responding. Last check: 2007-10-11)
		TOKYO — Once listed by Forbes as the world’s richest man, Yoshiaki Tsutsumi was revered during the decades of Japan’s modernization as a charismatic billionaire who made his fortune on a nationwide hotel chain, major railway and resort development.
		Prosecutors allege Tsutsumi conspired with several executives to falsify Seibu Railway’s 2003 financial statement, putting the stake of Kokudo Corp., his privately owned company, in the railway far lower than actual numbers.
		If convicted, Tsutsumi faces up to five years in prison and a fine of up to 5 million yen ($46,000) for falsifying financial statements, or up to three years in prison and a fine of up to 3 million yen ($27,000) for insider trading.
	www.rgj.com /news/printstory.php?id=102122 (450 words)

	Breaking News English - Business English - Tycoon avoids prison over shares scam (Oct 28, 2005)
		Tsutsumi is the former chairman of Kokudo Corporation, which controls holdings in a railway group, construction, hotels, resorts and a baseball team.
		Tsutsumi is the former chairman of Kokudo Corporation, which controls holdings / hands in a railway group, construction, hotels, resorts and a baseball team.
		Tsutsumi is the former chairman of Kokudo Corporation, which controls ________ in a railway group, construction, hotels, resorts and a baseball team.
	www.breakingnewsenglish.com /0510/051028-tycoon-e.html (1649 words)

	FT.com / World / Asia-Pacific - Tsutsumi arrested in Seibu scandal (Site not responding. Last check: 2007-10-11)
		Yoshiaki Tsutsumi, one of corporate Japan's most influential figures and once considered the world's richest man, was arrested in Tokyo on Thursday for alleged insider trading and doctoring of financial statements.
		Mr Tsutsumi, 70-year old former chairman of Kokudo, a privately held hotels and real estate group, is suspected of having been involved in falsifying the financial statements of subsidiary Seibu Railway, the Tokyo public prosecutor's office said.
		Mr Tsutsumi was listed by Forbes magazine in 1990 as the world's richest individual, with a net worth of $16bn.
	www.ft.com /cms/s/3318a546-8c25-11d9-a895-00000e2511c8.html (536 words)

	Great fortunes do not guarantee legal immunity to anyone - Pravda.Ru (Site not responding. Last check: 2007-10-11)
		A landmark trial against a well-known Japanese billionaire, Yoshiaki Tsutsumi, who used to be called the king of the rich men in the 1980s, has recently begun in Japan.
		Yoshiaki Tsutsumi used to have extensive links in the political world of Japan; he was a close friend of Japanese Prime Minister Koizumi.
		Tsutsumi provided comfortable apartments for both official and unofficial meetings of Japanese ruling and opposition parties in luxurious hotels of the Prince Hotel chain that he owned.
	english.pravda.ru /world/europe/8451-0 (690 words)

	worldâs richest man, richest man guilty, Yoshiaki Tsutsumi, Japanese businessman (Site not responding. Last check: 2007-10-11)
		Yoshiaki Tsutsumi, the former head of Seibu Railway and once the world's richest man, on Thursday pleaded guilty to charges of insider trading and forging financial statements at the first day of his high-profile trial at the Tokyo District Court.
		Yoshiaki Tsutsumi is being charged with violating Japan's Securities and Exchange Law.
		The fact that Yoshiaki Tsutsumi has admitted responsibility to the two charges and has shown compassion could well reduce any possible punishment, according to lawyers.
	www.emma.tv /finance/money/news/once_the_world_richest_man_tsutsumi_pleads_guilty_to_fraud_charges.aspx (234 words)

	Tycoon admits insider trading - Business - The Washington Times, America's Newspaper (Site not responding. Last check: 2007-10-11)
		TOKYO (AP) -- Resort and railroad kingpin Yoshiaki Tsutsumi pleaded guilty to charges of insider trading and falsifying records yesterday at the opening of his trial widely seen as a symbol of the growing pressures toward transparency and social responsibility in corporate Japan.
		Once ranked the world's richest man by Forbes magazine, Tsutsumi, formerly head of Seibu Railway Co. and the Japanese Olympic Committee, has taken a dramatic fall from grace and power that is riveting Japan.
		Tsutsumi also won respect as a charismatic billionaire with tremendous influence in Japan's political circles and sports.
	www.washtimes.com /business/20050616-105511-2531r.htm (487 words)

	Tsutsumi is accused of insider trading - FinanceGates.com (Site not responding. Last check: 2007-10-11)
		Yoshiaki Tsutsumi, a billionaire and former chairman of Japan’s Seibu Railway Co., was accused of falsifying financial statements and insider trading, according to Tokyo’s public prosecutor.
		Kokudo Corp., Tsutsumi’s closely held real estate company, was accused of insider trading and deceiving Japanese companies including All Nippon Airways Co. and urging them to purchase Seibu’s shares before they were offically released from the Tokyo exchange, the prosecutor said in a statement.
		If found guilty for insider trading, Tsutsumi could be imprisoned up to three years and Kokudo could be imposed a fine up to 300 million yen, according to statement by prosecutors released on March 3.
	www.financegates.com /news/market_news/2005-03-28/tsutsumi_2803.html (286 words)

	asahi.com：Tsutsumi sued by relatives - ENGLISH (Site not responding. Last check: 2007-10-11)
		On Monday, four relatives of Yoshiaki Tsutsumi, the disgraced former chairman of Kokudo Corp., filed a lawsuit with the Tokyo District Court against Tsutsumi and current Seibu group leaders.
		Tsutsumi has been convicted of insider trading and falsifying financial reports while at Kokudo, which was the parent company of Seibu Railway Co.
		The four relatives are Tsutsumi's elder brother Seiji Tsutsumi, former chairman of the Seibu department store; hotel operator Yuji Tsutsumi, their younger brother; and two grandchildren of the late Seibu group founder Yasujiro Tsutsumi, the brothers' father.
	www.asahi.com /english/Herald-asahi/TKY200612040435.html (373 words)

	Forbes ex-world’s richest man jailed in Japan (Site not responding. Last check: 2007-10-11)
		TOKYO, JUNE 16: Former rail and real-estate magnate Yoshiaki Tsutsumi, who was considered the world's richest man at the height of Japan's economic miracle in the late 1980s, pleaded guilty today to charges of insider trading in his fallen empire.
		Tsutsumi has been charged with falsifying financial statements to conceal his family control over a listed rail firm and with insider trading for orchestrating the sale of shares in the now de-listed Seibu Railway.
		Yoshiaki was named the world's richest man by Forbes magazine for four years until 1990, when his fortune was put at $16 billion.
	www.freerepublic.com /focus/f-news/1424193/posts (407 words)

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