https://www.scmp.com/rss/235301/feed Olympus Corporation is a Japanese manufacturer best known for its single lens reflex (SLR) cameras although the company is a dominant player in the market for gastro-intestinal endoscopes. Founded in 1919, the company hit the headlines in 2011 when it fired its newly appointed British president, precipitating a scandal that wiped 75 per cent off its stock market valuation. The company subsequently admitted that some board members had engaged in one of the biggest and most durable loss-concealing... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.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 malfeasance found. Olympus Finance Hong Kong was part of a complex scheme by the Japanese firm's top executives to deliberately hide years of... https://www.scmp.com/article/987635/hk-firm-tied-shady-olympus-deals?utm_source=rss_feed https://www.scmp.com/article/987635/hk-firm-tied-shady-olympus-deals?utm_source=rss_feed Mon, 12 Dec 2011 16:00:00 +0000 [Ratings] agencies were one of the motors of the crisis in 2008. Are they becoming a motor in the current crisis? European central banker Christian Noyer The management was rotten to the core and contaminated what was around it A panel report on an accounting scandal at Olympus, referring to executives including former chairman Tsuyoshi Kikukawa (pictured) who resigned last week I gave up my own destiny, I was no longer the master over my own appearance Radio presenter Koen Fillet, who grew a... https://www.scmp.com/article/987034/who-said-it?utm_source=rss_feed https://www.scmp.com/article/987034/who-said-it?utm_source=rss_feed Tue, 06 Dec 2011 16:00:00 +0000 Some Japanese newspapers reported over the weekend that a government panel of experts will recommend the mandatory appointment of outside directors to the country's biggest companies. The intention would be to avoid a repeat of the scandal involving Olympus, the camera and medical equipment maker, whose bosses are under investigation for possible fraudulent dealings and crimes involving billions of dollars. The suggestion of independent directors is worth half a cheer. It is a long way even from... https://www.scmp.com/article/986215/why-japan-inc-can-see-no-evil?utm_source=rss_feed https://www.scmp.com/article/986215/why-japan-inc-can-see-no-evil?utm_source=rss_feed Mon, 28 Nov 2011 16:00:00 +0000 A little-known Japanese financial magazine called Facta deserves congratulations for raising questions about possibly shady financial transactions at the camera, optical and medical equipment maker Olympus. Olympus itself has tried to shrug off the questions even as its share price fell by half and wiped US$4 billion off its value. But the real key is how Japan Inc reacts, and that will raise questions about whether Japan is a sensible place to invest. Some of the claims concerning Olympus are... https://www.scmp.com/article/982875/judgment-day-japan-inc?utm_source=rss_feed https://www.scmp.com/article/982875/judgment-day-japan-inc?utm_source=rss_feed Mon, 24 Oct 2011 16:00:00 +0000 Asking a blind man to enter a photography contest might seem strange. But Yoshiharu Shiibashi, who lost his eyesight at the age of 39, did not only accomplish that. He was the winner of the 22nd National Blind Photographer Exhibition, an annual contest organised by the Japan Culture Association last year. Today, the 67-year-old retired salesman will open the exhibition 'My Journey of Beautiful Inside' at Langham Place, Mong Kok, featuring his works as well as award-winning pieces by other blind... https://www.scmp.com/article/611415/picture-perfect-blind-lensman?utm_source=rss_feed https://www.scmp.com/article/611415/picture-perfect-blind-lensman?utm_source=rss_feed Fri, 12 Oct 2007 16:00:00 +0000