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Olympus Corp

Former Executive Arrested In Major Scandal

Reuters | Posted 02.19.2013 | Business

* Chan Ming Fon to appear in court on Friday * U.S. authorities say Chan paid $10 million for role in fraud ...

Scandal-Ridden Company May Have Bribed Foreign Doctors

Reuters | Posted 09.30.2012 | Business

* Olympus stock falls 6.8 percent to 1,380 yen * Company told U.S. officials in October of Brazil payments * Terumo's 6....

Prominent Whistleblower Wins Millions From Disgraced Company

AP | YURI KAGEYAMA | Posted 08.07.2012 | Business

TOKYO (AP) — Former Olympus Corp. Chief Executive Michael Woodford will receive 10 million pounds (1.2 billion yen, $15.4 million) in a settlement o...

Disgraced Company To Lay Off Thousands

Reuters | Posted 07.29.2012 | Business

TOKYO (Reuters) - Japan's Olympus Corp, hit by a $1.7 billion fraud scandal, plans to shed 2,500 workers and sell an equity stake to either Sony Corp ...

Disgraced Company Faces Criminal Charges

Reuters | Posted 05.05.2012 | Business

* Securities watchdog files criminal complaint * Files against company, executives * Comes after prosecutors arrested ex...

Executive At Disgraced Company Found Dead In Apparent Suicide

Reuters | Posted 04.22.2012 | Business

(Corrects grammer in 1st paragraph to ``hanged'' from ``hung to death'') (Adds police, embassy comment) NEW DELHI, Feb ...

Disgraced Company Says Core Business Still Strong Despite Scandal

Reuters | Posted 04.13.2012 | Business

(Adds dropped quote marks at the end of paragraph 4) * Scandal not seen having much impact on core medical ops * Potenti...

Olympus Sues President, Three Ex-Directors For Several Million Dollars

Reuters | Posted 03.10.2012 | Business

By Reiji Murai TOKYO, Jan 9 (Reuters) - Japan's Olympus Corp has sued its current president and three ex-directors for several milli...

Audit Panel Finds No Violations In Handover Of Disgraced Company

Posted 12.27.2011 | Business

TOKYO (Reuters) - A panel reviewing the auditing of Olympus Corp after its $1.7 billion accounting scandal said it had so far not found any proble...

Troubled Company's Headquarters Raided By Prosecutors

AP | YURI KAGEYAMA | Posted 02.20.2012 | Business

TOKYO — Japanese prosecutors raided the headquarters of Olympus Corp. on Wednesday as part of an investigation into the cover-up of massive loss...

Ex-Olympus CEO's Bid To Return Looks To Be Doomed

Posted 12.20.2011 | Business

TOKYO (Reuters) - Michael Woodford, the ousted boss of Japan's Olympus Corp, has won the battle to force his former employer to admit to more than...

Report: Japanese Officials May Raid Olympus' Offices This Week

Posted 12.18.2011 | Business

TOKYO (Reuters) - Tokyo police, prosecutors and the securities watchdog will likely launch a raid on the offices of disgraced Olympus Corp this we...

Disgraced Company Reveals Huge Loss

Posted 12.14.2011 | Business

Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet t...

Olympus's Ousted CEO Presses On With Battle To Win Back His Job

Posted 12.10.2011 | Business

TOKYO (Tim Kelly) - Olympus Corp's ousted CEO, Michael Woodford, flies to Japan on Tuesday to press on with a battle to win back his job, as media...

Olympus Report To Be Released Next Week, Opening Way For Possible Criminal Complaints

Posted 12.04.2011 | Business

TOKYO - An expert panel appointed by Japan's Olympus Corp to look into an accounting scandal at the disgraced firm will release its findings on Tu...

Scandal-Ridden Company Has Less Than Two Weeks To Correct Two Decades Of Accounting

Posted 12.03.2011 | Business

TOKYO (Reuters) - Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter...

Ex-Olympus CEO Says He's Willing To Return To Disgraced Company

Posted 11.25.2011 | Business

The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an ...

Investor Files Lawsuit Against Scandal-Ridden Company

Posted 11.16.2011 | Business

A U.S. investor sued Japan's Olympus Corp, accusing the scandal-hit company of making false statements about its finances and intentionally hiding...

Olympus To Take Legal Action Against Executives

Posted 11.16.2011 | Business

(Reiji Murai) - Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives f...