Prosecutors said Wednesday they had charged scandal-hit Olympusand three former senior executives over a huge loss cover-up at the company that rocked confidence in corporate Japan.
(Reuters) - A top executive of Japan's scandal-ridden Olympus Corp has been found dead in a park outside New Delhi, an apparent suicide, The Times of India said Tuesday, quoting police.
Japanese electronics giant Sony is in talks to take a stake of up to 30 percent in Olympus as the camera firm looks to shore up its finances after a $1.7 billion cover-up scandal, a report said Tuesday.
Scandal-hit Olympus is suing some 20 current and former executives for damages over a massive investment loss cover up at the Japanese firm, reports said Monday.
Scandal-hit Olympus on Wednesday filed its delayed earnings report to the Tokyo Stock Exchange, avoiding an automatic delisting that would have wiped out the value of the 92-year-old company.
The committee probing a massive cover-up of losses at Japan'sOlympus said Tuesday two former presidents approved the long-running scheme and that core management at the firm had been "rotten".
