Briefly: Children's fund ordered to drop plan

The Finance Ministry and the Ministry of Economy, Trade and Industry on Tuesday ordered the Children's Investment Master Fund (TCI) of Britain to drop its plan to raise its stake in Electric Power Development Co. (J-Power) from 9.9 percent to 20 percent.

It is the first time the government has ordered a foreign investor to drop an investment plan under the Foreign Exchange and Foreign Trade Control Law. Failure to comply may result in criminal punishment.(IHT/Asahi: May 14,2008)