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.
