Japanese the system raid Olympus offices
An investigation team from the Tokyo prosecutors company, the Tokyo Metropolitan keep watch over and the Japanese Securities and barter Surveillance Commission visited Olympus premises, according to Tsuyoshi Kitada, a spokesman used for Olympus. He declined to fail extend details on the raid.The drama surrounding Olympus began following the company fired its chief executive, Michael Woodford, dressed in October and he came to the fore such as a whistleblower on a decades-long cover-up by the company of $1.7 billion indoors losses.by the height of the ensuing catastrophe, the stash esteem of Olympus fell further than 75%. Three other top executives lost their jobs inwards the wake of the controversy.