Olympus, the maker of cameras and medical equipment, and three of its former executives pleaded guilty Tuesday to charges related to the $1.7 billion accounting cover-up in one of the biggest corporate scandals in Japan.
The scandal was exposed last October by the company’s chief executive, Michael C. Woodford, who was fired by the Olympus board after questioning dubious deals later found to have been used to conceal the losses.
via Guilty Pleas in Trial Over Olympus Scandal – NYTimes.com.
