site.news_by_theme Olympus

Five-year jail term sought for ex-Olympus head
Japanese prosecutors sought a five-year jail term Tuesday for the former head of Olympus for his involvement in a $1.7 billion loss cover-up scandal that hammered Japan's corporate governance image.

Olympus, former execs plead guilty in fraud trial
Scandal-wracked Olympus and three of its former top executives pleaded guilty in court Tuesday over charges that they covered up losses worth $1.7 billion stemming from bad investments.
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