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  1. Business - Companies

    Ex-banker admits role in Olympus fraud case

    Posted Sep 20th 2013, 12:00am by Reuters

    ... Reuters in New York Former executive says he helped conceal the company's assets that had been liquidated Ex-banker admits role in Olympus fraud case A former Singaporean banker pleaded guilty in federal court in to helping Japan's Olympus orchestrate a US$1.7 billion accounting fraud. Prosecutors said Chan Ming Fon helped to secretly liquidate hundreds of millions ...

  2. Business - Companies

    Olympus to be prosecuted by UK fraud agency for falsifying Gyrus accounting

    Posted Sep 04th 2013, 12:11pm by Reuters

    ... Reuters in Tokyo Olympus Corp said on Wednesday that Britain’s fraud regulatory agency will prosecute the Japanese endoscope and camera maker and its UK unit Gyrus for deceptive financial accounting, following a two-year investigation. Olympus said the UK’s Serious Fraud Office had charged it with breaching Section 501 of the UK Companies Act by providing “misleading, false ...

  3. HK firm tied to shady Olympus deals

    Posted Dec 13th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com A private Hong Kong company has emerged as a key player in the ongoing corporate accounting scandal at Japanese camera maker Olympus. The company- wholly owned by Olympus- played a central role in 2008 deals worth more than HK$6 billion to buy up businesses in Japan at inflated prices, an independent committee's investigation into accounting ...

  4. News - Asia

    Japan’s Olympus to face British fraud prosecution

    Posted Sep 04th 2013, 04:44pm by AFP

    ... Agence France-Presse in Tokyo Britain’s Serious Fraud Office will prosecute Olympus and its subsidiary over a huge loss cover-up scandal, the Japanese camera and medical equipment maker ... “Having completed its investigation, the SFO has decided to bring a prosecution against the company and Gyrus Group, a UK subsidiary,” an Olympus statement said. Olympus’ Tokyo-based spokeswoman ...

  5. Business - Companies

    Suspended jail for ex-Olympus executives in Japan cover-up

    Posted Jul 03rd 2013, 02:14pm by AFP

    ... Agence France-Presse in Tokyo A Japanese court on Wednesday handed suspended sentences to three former Olympus executives accused of engineering a massive accounting fraud at the camera and medical equipment maker. Prosecutors had asked that a five-year jail term be given to sacked company president Tsuyoshi Kikukawa and lesser sentences for ex-vice president Hisashi Mori and auditor ...

  6. Who said it?

    Posted Apr 21st 2012, 12:00am

    ... Olympus is supposed to start. It's a mockery... it's Alice in Wonderland Former Olympus chief executive Michael Woodford ...


    Posted Mar 14th 2006, 12:00am by Staff Reporter

    ... compiled by Bien Perez A sleek and rugged snapper, the Olympus?720SW 7.1-megapixel model is touted as the world's first shock-resistant and waterproof compact digital camera. Olympus ... in silver, pink and blue, the Olympus?720SW costs $3,480. ...

  8. Business

    Ex-banker accused of helping in Olympus fraud granted bail

    Posted Jan 26th 2013, 09:46am by Reuters in New York

    ... Reuters in New York A former Singapore banker charged with helping Japan’s Olympus Corp engineer a US$1.7 billion accounting fraud was granted bail by a US judge on Friday. Chan Ming Fon, ... hundreds of millions of dollars of Olympus investments, and then lied to auditors by certifying that the investments still existed. The defendant was paid US$10 million by Olympus or entities ...

  9. Business - Companies - MERGERS AND ACQUISITIONS

    Sony to invest US$645 million in scandal-hit Olympus

    Posted Sep 28th 2012, 04:45pm by AFP

    ... Agence France-Presse in Tokyo Electronics giant Sony will invest 50 billion yen (US$645 million) in scandal-tainted Olympus, the firms said Friday, as they both look to turn the page on disastrous chapters. The investment will make cash-bleeding Sony the single biggest shareholder in Olympus, with slightly more than 11 percent of its outstanding stock. The companies will also ...

  10. Business - Companies - MERGERS AND ACQUISITIONS

    Beleaguered Sony and scandal-tainted Olympus expected to ink deal

    Posted Sep 28th 2012, 11:33am

    ... Electronics giant Sony and scandal-tainted Olympus will formally agree a capital tie-up Friday, a report said, as both companies look to turn the page on disastrous chapters. The firms ... billion yen (US$645 million) private placement of Olympus shares by year-end for slightly more than 1,400 yen a share, making it Olympus’s top shareholder, with a roughly 11 per cent stake, ...




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