U.S. regulators are
examining Japanese internet conglomerate SoftBank Group over possible conflicts
of interest or other problems involving former president Nikesh Arora, who
stepped down last week, Bloomberg News reported on Thursday.
The report, citing sources,
said the Securities and Exchange Commission was looking into whether Arora, who
was tipped as the next CEO, held conflicts of interest or engaged in
questionable behavior before resigning from SoftBank last week.
SoftBank and Arora have
described his departure as an amicable one, saying Masayoshi Son, chairman and
chief executive of the company, recently decided he wanted to stay longer
instead of handing over to Arora when turning 60 next year.
Earlier this year, a law firm
saying it represented the interests of unidentified shareholders called on
SoftBank to investigate whether Arora had conflicts of interest due to his role
as a senior adviser to private equity firm Silver Lake.
Asked about the report on
Thursday, a SoftBank spokesman referred to a company statement last week saying
the allegations were without merit.
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