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Police and prosecutors raided the headquarters of embattled camera-maker Olympus on Wednesday as a probe into corporate wrongdoing that has shamed Japan stepped up a gear.

Nearly 10 weeks after allegations of massive corporate subterfuge emerged in the international media, the slow-motion raid got under way while the Tokyo Stock Exchange was shut for lunch.

Dozens of suited men carrying ...

TOKYO (Reuters) - Japanese prosecutors raided Olympus Corp <7733.T> and the homes of former executives on Wednesday over a $1.7 billion accounting scandal that has threatened the survival of the once-proud camera and medical equipment maker.

Tokyo prosecutors, police and financial regulators have joined forces in a rare joint investigation of the 92-year-old company, which has admitted to hiding huge investment ...

TOKYO (Reuters) - Japanese prosecutors raided Olympus Corp <7733.T> units on Wednesday in connection with a huge accounting scandal that has threatened the existence of the 92-year-old maker of cameras and medical equipment, Japanese media reported.

A spokeswoman for the Tokyo district prosecutors office could not confirm the reports.

Tokyo prosecutors, police and the Securities and Exchange Surveillance Commission have joined in ...

TOKYO (Reuters) - Michael Woodford, the ousted boss of Japan's Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.

Woodford has said major lenders to the maker of cameras and medical equipment will decide its fate - and ...

LONDON (Reuters) - Former Olympus Corp head Michael Woodford is close to releasing names of an alternative slate of directors for the board of the company, he told Reuters in an interview, as he fights to return at the helm of the company.

Woodford, who won a battle to force his former employer to admit to more than a decade of ...

(Reuters) - Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares with Japanese high-tech stalwarts Sony and Fujifilm seen as likely buyers as it tries to bolster its depleted finances, the Nikkei business daily reported.

The report on the sale, which the Nikkei said could take the form of preferred shares, follows a warning ...

TOKYO (Reuters) - Japan signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.

Financial Services Minister Shozaburo Jimi told reporters that Japan's financial regulator and the Tokyo Stock Exchange would both look for ways ...

TOKYO (Reuters) - Japan signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.

Financial Services Minister Shozaburo Jimi told reporters that Japan's financial regulator and the Tokyo Stock Exchange would both look for ways ...

TOKYO (Reuters) - The whistleblower in Japan's Olympus Corp scandal, ex-CEO Michael Woodford, blasted Japanese shareholders on Thursday for failing to stand up for him, amid signs that domestic and foreign investors are split over his campaign to be reinstated.

Woodford, an Englishman who was a rare foreign CEO in Japan, went public with his concerns over crooked accounting at ...

Shares in scandal-hit Olympus nosedived 21 percent Thursday amid fears of a possible dilution if the company announces a new issue to raise much-needed fresh capital.

The stock fell 20.77 percent to 1,041 yen as investors ran for cover following Wednesday's delayed submission of second quarter earnings and the correction of five years worth of balance sheets ...