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
