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​Group Lease chief clarifies $37 million fine in Japan for price manipulation

( June 12, 2017, 03:50 GMT | Official Statement) -- MLex Summary: In response to a demand from Thailand's Securities and Exchange Commission to clarify a discrepancy in information regarding stock manipulation charges against him, Group Lease CEO Mitsuji Konoshita acknowledged he has been fined by the Japanese Financial Services Agency, the Bangkok Post reports. However, he clarified that he is asking a court to overturn the order, and that the fine was issued on April 11, almost a month after he gave an interview saying he was not subject to the order to pay a fine. Japan's FSA fined Konoshita 4.1 billion yen ($37 million) for lying about a bond to manipulate the shares of Japan's Wedge Holdings, a shareholder in Group Lease, according to media reports. The company's statement is attached. ...

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