Olympus director resigns, panel to examine legal steps

TOKYO | Wed Dec 7, 2011 1:10am EST

TOKYO Dec 7 (Reuters) - Olympus Corp said on Wednesday that one of its directors, Makoto Nakatsuka, had resigned and that the company would set up two expert panels -- one to consider legal steps against those responsible for a huge loss cover-up scheme and another to examine the responsibility of auditors.

On Tuesday, a separate external panel delivered a damning report urging legal action against those responsible for the company's concealment of investment losses stretching back two decades and urged legal action against those who were to blame.

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