Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Summits
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Geraldine Fabrikant
Jack & Suzy Welch
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Editor's Choice
iPhone sales fuel smartphone surge
Apple became the world's largest smartphone vendor in the fourth quarter of 2011 in a bumper season for higher margin phones, according to the market research firm Gartner. Video
Robot sings, dances and helps with homework
"Solid Rain" brings relief to Mexico
Apple of their eye at $500 a share
Singles turn to love online
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
World Bank's Zoellick to step down in June
4:02pm EST
Exclusive: Clinton in talks about possible move to World Bank
09 Jun 2011
Honduras prison fire kills more than 350 inmates
|
4:27pm EST
Iran trumpets nuclear advances, deepening standoff with West
|
4:07pm EST
Special Report: Towns go dark with post office closings
|
14 Feb 2012
Discussed
247
Obama proposes $800 million in aid for ”Arab Spring”
242
It’s bailout or chaos, PM Papademos tells Greece
130
Biden says contraceptives fight can be worked out
Watched
Huge baby shocks parents
Tue, Feb 7 2012
Humanoid robot makes storefront debut in Valentine's experiment
Fri, Feb 10 2012
USS Abraham Lincoln patrols near Iran
Tue, Feb 14 2012
Tokyo prosecutors to quiz former Olympus officials: Nikkei
Tweet
Share this
Email
Print
Related News
Olympus expects net loss, but core business seen unscathed
Mon, Feb 13 2012
Fujifilm considering supporting Olympus
Wed, Jan 18 2012
Panel clears audit firms of Olympus scandal blame
Tue, Jan 17 2012
REFILE-UPDATE 3-Olympus panel clears auditing firms of blame in scandal
Mon, Jan 16 2012
Analysis & Opinion
SEC’s “re-markable†action against Credit Suisse traders
Related Topics
Tech »
Wed Feb 15, 2012 3:16pm EST
- Tokyo prosecutors plan to investigate former Olympus Corp executives for their alleged role in a cover-up of investment losses, the Nikkei business daily said.
Ex-President Tsuyoshi Kikukawa, former Executive Vice President Hisashi Mori, and former auditor Hideo Yamada will face questioning by the Tokyo District Public Prosecutors Office's special investigations unit to determine whether they acted in violation of the Financial Instruments and Exchange Law, the paper said.
According to those familiar with the investigation, Mori and Yamada are suspected of orchestrating a scheme to hide nearly 100 billion yen ($1.28 billion) in investment losses at Olympus, the daily added.
The alleged accounting maneuver involves shifting the losses off the books to domestic and overseas investment funds starting in the year ended March 1999, the Nikkei said.
Olympus allegedly provided false information in its financial statements for fiscal 2006 to 2010 by inflating the value of corporate buyouts to plug the hole created by the securities losses and Kikukawa, who became president in 2001, was reportedly aware of the details of the cover-up, the paper said.
Three former brokerage employees who were well-acquainted with Mori and Yamada reportedly advised the Olympus executives about the financial arrangements and helped to register overseas funds, the business daily said.
Tokyo prosecutors, the Tokyo Metropolitan Police Department, and the Securities and Exchange Surveillance Commission jointly raided Olympus headquarters and other sites in December and prosecutors have sifted through the seized data to build a case, the Nikkei said.
(Reporting by Ranjita Ganesan; Editing by Sreejiraj Eluvangal)
Tech
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.