Japan prosecutors charge key figures in Olympus scandal


  • Technology Premium
  • Wednesday, 07 Mar 2012

TOKYO: Prosecutors charged Olympus Corp and six key figures in the US$1.7bil (RM5.1bil) accounting fraud at the camera and endoscope maker, tightening their case in the investigation of one of Japan’s biggest corporate scandals.

They charged ex-chairman Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori and former auditor Hideo Yamada with inflating the company’s net worth in financial statements for the fiscal years ended March 2007 and 2008, in violation of the Financial Instruments and Exchange Law.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

Cryptocurrency exchange Coinstore enters India despite pending curbs on trade Premium
Amazon to open Abu Dhabi fulfilment centre by 2024, says govt media office Premium
DeFi: Over US$10.5bil of cryptoassets stolen this year Premium
Barcelona has installed speed cameras for cyclists Premium
PlantLife, the TikTok for plant-lovers Premium
First ‘robotaxis’ enter service in Beijing Premium
Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles - Beijing govt Premium
India tells public to shun Musk-backed Starlink until it gets licence Premium
Not for the faint hearted: 'Happy Game' is anything but Premium
El Salvador ‘Bought the Dip,’ Acquiring 100 More Bitcoin Premium

Others Also Read


Vouchers