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The Independent UK
The Independent UK
National
Via AP news wire

Scandal at Japanese brokerage widens with executive's arrest

SMBC Nikko Tokyo
Copyright 2022 The Associated Press. All rights reserved

The scandal at a top Japanese brokerage widened as the vice president of SMBC Nikko Securities was arrested Thursday and the company was charged with stock manipulation.

The arrest of Toshihiro Sato on charges of violating securities regulations followed arrests earlier this month of four other employees of the Tokyo-based company on the same charges.

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