7 Arrested In Olympus Accounting Cover-up

Tsuyoshi Kikukawa, a former chairman and president of the company, was among those charged with falsifying financial statements.

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BING NEWS:
  • Former Singapore banker arrested in U.S. over Olympus fraud
    SINGAPORE/NEW YORK (Reuters) - A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping “liquidate” hundreds of millions of dollars in an accounting fraud at Olympus Co...
    12/20/2012 - 2:42 pm | View Link
  • Former Olympus chairman arrested for fraud
    Nobumasa Yokoo and three other employees of a major securities company have also been arrested on grounds that they advised Olympus with fault accounting schemes. The maximum penalty for the charges t...
    02/16/2012 - 6:14 am | View Link
  • Former Olympus president Kikukawa, 6 others arrested
    With the problems of Olympus, Japan has been slowest in incorporating the concept of independent directors, even compared to other countries in Asia such as South Korea and China. Outside directors ar...
    02/16/2012 - 5:34 am | View Link
  • Former Olympus president, six others arrested in Japan over cover-up
    TOKYO — The former president of under-fire Olympus has been arrested in Tokyo ... shareholders filed a lawsuit against the company demanding compensation after the accounting scandal hammered the firm ...
    02/16/2012 - 12:59 am | View Link
  • Ex-Olympus boss arrested over cover-up
    Six others have also been taken into custody over one of Japan's biggest corporate scandals. It is alleged key figures at Olympus used shady accounting to hide $1.7 billion in investment losses. The s...
    02/15/2012 - 6:22 pm | View Link
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  • 분식회계
    분식회계(粉飾會計, 영어: make-up accounting, window-dressing settlement, accounting fraud)는 공개회사 내부 경영진과 관련 타기업 및 연관자들이 비정상적인 자금 운용, 매출액 과대 계산 지출액 축소 계산 자산 가치 허위 계상, 부채 축소 계상산의 복잡하고 다양한 방법으로 재무 변화를 허위로 조작하는 ...
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