The saga continues as head of Livedoor and Japanese celebrity Takafumi Horei steps down,
Kozo Hiramatsu (the companys executive) to take his place.
As reported yesterday, Livedoors chief Takafumi Horei was arrested along with 3 other staff members amid allegations of supplying shareholders with misleading information. Japans Nikkei stock market has said it will begin monitoring the company but shares are still being traded, as they dropped 31% on Tuesday,
The company faces being delisted from the stock market if found guilty of misinforming investors, though
Horei has repeatedly denied any wrongdoing.
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