Wednesday, September 4, 2013

British prosecutor charges Japan's Olympus over accounting scandal

A man passes a logo of Olympus Corp outside the company's showroom in Tokyo By Sophie Knight and Kirstin Ridley TOKYO/LONDON (Reuters) - Britain's fraud prosecutor has charged Japan's Olympus Corp and its British subsidiary Gyrus with misleading or deceiving an auditor, dragging a $1.7 billion 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. ...








via Health News Headlines - Yahoo! News http://news.yahoo.com/british-prosecutor-charges-japans-olympus-over-accounting-scandal-112542275--finance.html

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