SINGAPORE: A former Singapore banker was arrested in Los Angeles and accused of helping “liquidate” hundreds of millions of dollars in an accounting fraud at Olympus Corp, one of the biggest corporate scandals in Japan's history.
Chan Ming Fon, a one-time bank vice president, is the latest former executive and the first from outside of Japan to become ensnared in the US$1.7bil accounting cover-up at the camera and medical equipment maker.
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