Re: Breaking news - former Oly execs arrested
Originally Posted by mhobart
I'm sure that a news article will be posted on this, so here's just a quick summary.
TOKYO (Reuters) - Three former executives of Japan's disgraced Olympus Corp were arrested on Thursday over their role in a $1.7 billion accounting fraud at the maker of medical equipment and cameras, Japanese media reported.
Tokyo prosecutors arrested ex-President Tsuyoshi Kikukawa, former Executive Vice President Hisashi Mori and former auditor Hideo Yamada, Tokyo Broadcasting System Television and other media said.
Prosecutors also arrested three former employees of a major brokerage who advised Olympus on covering up its losses, media reported, without naming the people or the brokerage. ...
My attention was drawn to it when I had just heard it in the Australian ABC News, so I started looking up more news details. I hope things can move forward from here & not downhill from a heap of law suits by shareholders that could send the company into meltdown.
I fiddle with violins (when I'm not fiddling with a camera).
Cameras: Olympus OM-D E-M5 with HLD-6, E30 with HLD-4, E520.
Lenses: M.ZD12-50, M.ZD60 Macro, M.ZD75-300 Mk II, MMF-3, ZD14-42, ZD40-150, ZD70-300, ZD14-54 II, ZD35 macro, EC14, EX25, OM50 1.8, OM28 2.8, Sigma 150mm F2.8 APO Macro DG.
Flashes: FL36R X2, FL50R, FL50. Other: Soligor bellows & adapters. Velbon Sherpa 600R tripod.