REOPENING CAN OF WORMS: Britain's fraud prosecutor has charged Japan's Olympus Corp and its British subsidiary Gyrus with misleading or deceiving an auditor, dragging a US$1.7bil (RM5.57bil) accounting scandal back into the spotlight two years after it first erupted. — Reuters
TOKYO/LONDON: Britain's fraud prosecutor has charged Japan's Olympus Corp and its British subsidiary Gyrus with misleading or deceiving an auditor, dragging a US$1.7bil (RM5.57bil) accounting scandal back into the spotlight two years after it first erupted.
Olympus, once one of Japan's most venerable companies, saw its shares and profits plunge after its former British CEO, Michael Woodford, alerted prosecutors and the media to a series of shady payments after being fired for questioning company accounts in 2011.
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