News: Olympus Corp (7733.T)
6 Dec 2013
Wed, Sep 18 2013
NEW YORK - A former Singapore banker pleaded guilty in federal court in New York on Wednesday to helping Japan's Olympus Corp orchestrate a $1.7 billion accounting fraud.
* Chan Ming Fon pleads guilty to conspiracy to commit wire fraud
TOKYO - To stem the red ink on its loss-making camera division, Olympus Corp has decided to rely on a format that so far has been a flop outside of its home turf in Japan.
TOKYO/LONDON - Britain's fraud prosecutor has charged Japan's Olympus Corp and its British subsidiary Gyrus with misleading or deceiving an auditor, dragging a $1.7 billion accounting scandal back into the spotlight two years after it first erupted.
* Olympus, Gyrus charged for misleading, deceiving auditor
* Potential fine, length of court proceedings unclear-Olympus
LONDON, Sept 4 - Britain's Serious Fraud Office (SFO) said on Wednesday it was bringing criminal charges against Japan's Olympus and a UK subsidiary for misleading or deceiving an auditor.
Sept 4 - * Sfo - gyrus group limited and olympus corporation:criminal charges * Sfo - criminal proceedings by the serious fraud office have commenced against
TOKYO - Britain's fraud agency will prosecute Olympus Corp and its British unit Gyrus for falsifying accounts, the Japanese medical equipment maker said on Wednesday, dragging a $1.7 billion accounting scandal back into the spotlight after it erupted nearly two years ago.
TOKYO, Sept 4 - 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.