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Browse: Home / 2013 / September / 04 / Britain to Prosecute Olympus Over Accounting Scandal – NY Times

Britain to Prosecute Olympus Over Accounting Scandal – NY Times

By Securities Docket on September 4, 2013, 7:34 am

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 (1.08 billion pounds) accounting scandal back into the spotlight after it erupted nearly two years ago….

The move by the Serious Fraud Office (SFO) revives the scandal after a guilty verdict for three former executives in a Japanese court in July and a subsequent share issue gave the appearance that Olympus had put the incident behind it, with its stock trading back at pre-scandal levels.

via Britain to Prosecute Olympus Over Accounting Scandal – NY Times

Posted in Criminal, Global, Top | Tagged Financial Fraud, UK

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