February 16, 2012
In Tokyo, police and prosecutors have arrested seven former executives of Olympus, including ex-President Tsuyoshi Kikukawa, in connection with the M&A related accounting fraud that went there for over decade. You'll remember that former CEO Micheal Woodford blew the lid off the fraud when he started asking questions about large merger-related advisory fees that were used to hide accounting losses.
February 16, 2012 | Permalink
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