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.

27 March 2013

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.

26 September 2012