US Securities and Exchange Commission is currently probing Japanese internet and telecommunications giant SoftBank Group Corp, and its former executive Nikesh Arora. The former chief operating officer and president of the group, had recently walked out just when things began to go south for him.
Arora had been under the radar over lacklustre investments, along with several shareholders marching up a campaign to boot him. His record and role as an adviser to private-equity firm Silver Lake was being questioned. Lawyer Ira Sorkin said, "We do know that the SEC is inquiring into certain matters concerning SoftBank and Mr Arora."
The company issued a statement saying it doesn't comment on press reports of regulatory inquiries, adding a committee of its board reviewed the shareholder allegations and concluded they were without merit.
