Future of Olympus management shaky as ex-CEO Woodford calls for board to resign, Nikkei says
Woodford in Japan meeting with prosecutors, police, and regulators from the Tokyo Stock Exchange who are investigating the matter…
Ex-chairman of Japan’s Daio Paper taken into custody over questionable loans, Kyodo says
Former chairman admitted to a breach of trust in connection to the transfer of company funds to his personal account…
AFP: Japanese yakuza may have indirect links to Olympus financial scandal
Fees Olympus paid to advisors on at least 4 deals may have been indirectly funneled to organized crime…
Daio Paper’s former chairman faces investigation for transfer of funds, Nikkei says
Another major corporate scandal hits Japan after Daio Paper said Tokyo District Public Prosecutors are expected to launch an investigation into the transfer of $140 million in company funds to…
Former president of Olympus to return to Japan from U.K. to assist fraud probe, Nikkei says
The former British president of Olympus, Michael Woodford, is returning to Japan next week to talk with investigators looking into the company’s accounting irregularities, the Nikkei news service said, citing…
Olympus president assures employees camera maker has the cash to stay in business, Bloomberg says
The president of Olympus Corp. told employees the company has enough cash to keep going amid the scandal involving billions in accounting irregularities, Bloomberg reported, citing an email sent on…
Tokyo Metropolitan Police open investigation after Olympus admits hiding losses, AFP says
The Tokyo Metropolitan Police department has launched an investigation into whether Olympus committed accounting fraud after it admitted concealing losses in deals reaching as far back as the 1990s, according…
Olympus admits to wrongdoing, hiding losses with acquisition fees, Bloomberg says
Shares of Olympus Corp. fell their daily limit Tuesday after the camera and medical equipment maker admitted for the first time it used funds related to questionable deals to secretly…
Dow Jones: Camera maker Olympus delays 2Q earnings release amid acquisitions probe
Olympus postponed the release of its second-quarter earnings amid an independent probe that is looking into questionable acquisitions made by the maker of camera and medical equipment, Dow Jones reported.…
Documents show Olympus acquisitions had little revenue or history, WSJ says
Information taken from official Olympus records and an audit by an independent panel are raising more questions about the camera maker's purchase of three Japanese companies that had no revenue,…
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