Japanese prosecutors arrest the fund manager Yoshiaki Murakami, who admits to insider trading in connection with share transactions in a Japanese broadcasting firm Nippon Broadcasting.
He steps down as head of MAC Asset Management, widely known as the Murakami Fund.
03 June 2006:
The special investigation squad of the Tokyo District Public Prosecutors Office says that Murakami and three other executives of the Murakami Fund might be engaged in insider trading of Nippon Broadcasting System (NBS).
23 May 2006:
Murakami applies for a permit with the Japanese authorities to run his business from Singapore.
12 May 2006:
MAC Asset notifies the government that it is ending its business operations in Japan, moving the legal domicile of its operations to Singapore.
08 May 2006:
Murakami becomes a major shareholder of Tokyo Broadcasting System, holding more than four per cent of the broadcaster's outstanding shares.
28 December 2005:
The Murakami Fund sells its entire stake in Osaka Securities Exchange Co., the operator of Japan's second-largest bourse, for more than 2 billion yen.
08 December 2005:
MAC Asset raises its stake in Hanshin Electric Railway from 39.77 per cent to 42.36 per cent.
Murakami proposes Hanshin to sell shares in the Hanshin Tigers professional baseball club to fans.
31 October 2005:
The Murakami Fund and Tokyo Style Co., an apparel company, reach an out-of-court settlement on a two-year-old lawsuit. Murakami had charged the president of Tokyo Style with causing the company a huge investment loss.
24 August 2005:
The Financial Services Agency rejects Murakami's application to acquire a more than 20 per cent stake in Osaka Securities Exchange Co.
11 April 2005:
A financial report submitted to the government shows Murakami has acquired about a 10 per cent stake in the Osaka Securities Exchange Co. to apparently become its largest shareholder.
February 2005:
Murakami sells its stake in NBS to Livedoor.
Late 2004:
Murakami buys 18 per cent stake in NBS, allegedly on the advance knowledge that Livedoor will make a hostile takeover bid at it.
January 2002:
Murakami becomes the top shareholder of Tokyo Style and demands the company to increase dividends and bring in outside board members.
January 2000:
Murakami launches Japan's first hostile takeover bid against real estate firm Shoei.
July 1999:
Murakami, a former official of the International Trade and Industry Ministry, sets ups MAC Asset Management.
1970:
Murakami’s father gives him one million yen at the age of 10 and absolute power to spend it. He buys shares of a Japanese brewery.
