Former Livedoor Chief Financial Officer Ryoji Miyauchi pleaded guilty Friday to falsifying the financial statements of the high-profile Internet firm in 2004 and said he would give evidence against his ex-boss, company founder Takafumi Horie.</PARAGRAPH>
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<TD><FONT SIZE='1'><B>Former Livedoor Co. Chief Financial Officer Ryoji Miyauchi enters the Tokyo District Court on Friday.
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<PARAGRAPH>Claiming, as accused, that he acted on Horie's instructions, Miyauchi said, 'The –
are for the most part correct," contradicting Horie's assertions that he did not knowingly falsify the company's financial statements.
"I deeply regret having committed these crimes, and apologize for having caused so many people trouble, he said.
The admission by Miyauchi, once Horie's most trusted ally, is likely to make Horie's legal position more difficult, and lawyers for Miyauchi said he is willing to testify against Horie at the latter's trial.
Horie has said he intends to plead not guilty to all the charges against him.
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