Topic: Cameras
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 ...
TOKYO (Reuters) - Japanese prosecutors raided Olympus Corp 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 ...
TOKYO (Reuters) - Japanese prosecutors raided Olympus Corp 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 ...
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 ...
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 ...
(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 ...
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 ...
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 ...
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 ...
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 ...
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