Olympus update: Tokyo Offices Raided

Prosecutors investigating the $1.7 billion fraud case against Olympus raided the company’s offices in Tokyo, searching for violations of the Financial Instruments and Exchange Act, reports Bloomberg.

Last month the camera maker admitted to an accounting fraud that hid investment losses.

Our previous coverage is linked below; Bloomberg’s full report this week is here.

 

About Paul Worthington

Paul Worthington is a journalist and consumer imaging consultant. He produces the annual Future Imaging Summit at PMA@CES, and writes for PMA Newsline and PMA Magazine, as well as other publications.

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