Japanese establishment raid Olympus offices
An investigation team from the Tokyo prosecutors bureau, the Tokyo Metropolitan patrol and the Japanese Securities and switch over Surveillance Commission visited Olympus premises, according to Tsuyoshi Kitada, a spokesman meant for Olympus. He declined to cause supplementary details on the raid.The drama surrounding Olympus began later than the company fired its chief executive, Michael Woodford, inside October and he came advance the same as a whistleblower on a decades-long cover-up by the company of $1.7 billion concerning losses.on the height of the consequential catastrophe, the stockpile assess of Olympus fell further than 75%. Three other top executives lost their jobs indoors the wake of the controversy.