Olympus News RSS Feed for Olympus News Report News & Deals  ►

 Thursday, February 16, 2012
An investigation into Olympus Corp started in October after former CEO, Michael Woodford, exposed a major scandal. Results of the investigation have rocked the company and now include the arrest of 9 former executives and bankers according to Reuters.
 
TOKYO, Feb 16 (Reuters) - Japanese police and prosecutors have arrested seven men, including the former president of Olympus Corp and ex-bankers over a $1.7 billion accounting fraud -- one of the country's biggest corporate scandals.
 
Tokyo prosecutors arrested ex-president Tsuyoshi Kikukawa, former executive vice president Hisashi Mori and former auditor Hideo Yamada on suspicion of violating the Financial Instruments and Exchange Law, officials said on Thursday.
 
Read the rest of this sad story at Reuters. (thanks James)
Category: Olympus News
Post Date: 2/16/2012 5:39:14 PM CT   Posted By: Bryan
   
Canon News, Nikon News Archives
Bryan Recommends
Using this link to make your B&H purchase supports this site and my family Using this link to make your Adorama purchase supports this site and my family Using this link to make your Amazon purchase supports this site and my family
Canon News, Nikon News Archives
Help  |  © 2003-2014 The Digital Picture, LLC  |  Bryan CarnathanPowered By Christ!