Olympus Accounting Facing Formal Probe From U.K. Prosecutors

U.K. prosecutors started a formal probe into accounting irregularities at Olympus Corp. after the company said last week that three executives colluded to hide losses from investors, a person familiar with the case said. Britain’s Serious Fraud Office, which prosecutes white- collar crime, will work with the U.S. Justice Department and Japanese authorities, said the person, who wasn’t authorized to speak about the case and declined to be identified.

Read more: Olympus Accounting Facing Formal Probe From U.K. Prosecutors — Bloomberg