Olympus offices to be raided this week: Report

Last Updated: Monday, December 19, 2011, 09:17

Tokyo police, prosecutors and the securities watchdog will likely launch a raid on the offices of disgraced Olympus Corp (7733.T) this week.

Reinstating Woodford is an option: Olympus president

Last Updated: Thursday, December 15, 2011, 10:19

Olympus Corp president Shuichi Takayama said on Thursday that reinstating sacked CEO Michael Woodford will be among the options in a review of the scandal-hit medical equipment and camera maker's management structure.

Japan auditors to approve restated Olympus accounts: Media

Last Updated: Tuesday, December 13, 2011, 09:05

External auditors of Japan's disgraced Olympus Corp are set to sign off on its restated accounts this week, the Asahi newspaper said on Tuesday, clearing one key hurdle in the firm's struggle to survive a USD 1.7 billion accounting fraud.

Olympus ex-CEO to meet MPs, push for Japan reform: Source

Last Updated: Monday, December 12, 2011, 23:19

The whistleblower in a USD 1.7 billion accounting scandal at Japan's Olympus Corp, ex-CEO Michael Woodford, plans to meet ruling-party lawmakers in Tokyo this week as he lobbies for reforms to Japanese boardrooms, a source said on Monday.

Olympus ousted CEO to visit Japan, seeks new board

Last Updated: Saturday, December 10, 2011, 09:11

Olympus Corp's ousted CEO, Michael Woodford, will travel to Japan on Tuesday seeking support from shareholders and investors for a new management to lead the firm after a USD 1.7 billion accounting fraud.

Nikkei at 4-wk high on Europe hopes, shippers shine

Last Updated: Wednesday, December 7, 2011, 14:16

The Nikkei average hit a four-week high on Wednesday as investors warmed to the view that European policy-makers will come up with convincing steps this week to help resolve the region's debt crisis.

Olympus board to meet amid pressure to quit after damning report

Last Updated: Wednesday, December 7, 2011, 08:45

The board of Japan's scandal-ridden Olympus Corp is expected on Wednesday to consider legal action against former executives who cooked its books, a day after an investigative panel issued a damning report on senior management.

Panel urges legal action in damning report on Japan's Olympus

Last Updated: Tuesday, December 6, 2011, 12:37

An independent panel issued a damning report into the USD 1.7 billion accounting scandal at Japan's Olympus Corp, urging legal action against executives behind the cover-up and the replacement of others who knew about it.

Olympus shares surge as moment of truth approaches

Last Updated: Tuesday, December 6, 2011, 10:18

Shares in Japan's disgraced Olympus Corp surged on Tuesday as investors bet that a probe into its scandal-ridden accounts would not turn up any nasty new surprises which could lead to the stock being delisted.

Japan's Olympus hid up to $1.7b, no proof of yakuza link: Source

Last Updated: Monday, December 5, 2011, 08:35

Olympus has so far said that it used some of $1.3 billion in acquisition payments and advisory fees to aid in the cover-up of the losses on its securities investments.

Olympus won't get extension on reporting deadline: Sources

Last Updated: Saturday, December 3, 2011, 19:41

Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter said, leaving the scandal-hit company with less than two weeks to correct two decades of accounting and avoid delisting.

Olympus whistleblower Woodford quits board in bid to force overhaul

Last Updated: Thursday, December 1, 2011, 09:05

The whistleblower in the accounting scandal engulfing Japan's Olympus Corp, ex-CEO Michael Woodford, quit the firm's board of directors on Thursday and called for an urgent shareholder meeting to sweep aside its disgraced top brass.