OLYMPUS DIRECTORS PLEAD GUILTY TO USD1.7 BILLION ACCOUNTING COVER UP
September 1st, 2012
BY KEITH NUTHALL
THE PRESIDENT of Japanese camera-maker Olympus has pledged to restore faith in his company's corporate honesty after three former executives plead guilty to falsifying accounts to hide USD1.7 billion in losses. Ex-chairman Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori and past auditor Hideo Yamada admitted the charges at the Tokyo district court. And president Hiroyuki Sasa has now said the "restoration of trust should be tackled first and foremost", accepting "the trust of shareholders, customers, and other ...
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