Prosecutors to charge ex-Don Quijote head over insider trading

Prosecutors plan to press charges against a former president of Don Quijote Holdings Co., a Japanese discount retailer now known as Pan Pacific International Holdings Corp., for alleged involvement in insider trading, sources familiar with the matter said Wednesday.The prosecutors allege the 57-year-old illegally advised a male acquaintance to purchase Don Quijote shares prior to the announcement of a takeover bid for the company by FamilyMart Uny Holdings Co. in 2018 in violation of the Financial Instruments and Exchange Law, the sources said.The former president, whose name has not yet be…READ FULL ARTICLE