Olympus: Have Not Been Contacted By FBI
28 October 2011 - 12:13PM
Dow Jones News
Olympus Corp. (7733.TO) said Friday it has not been contacted by
the U.S. Federal Bureau of Investigation, after the company's
former chief executive said he had been asked to meet the FBI to
discuss allegedly exorbitant payments Olympus made in relation to
four past acquisitions.
"Certain media reports said (Olympus) had been contacted by the
FBI, but that is not something we can confirm at the present time,"
the maker of cameras and optical equipment said in a statement.
On Thursday, Olympus's new president, Shuichi Takayama, repeated
claims he had made at a conference to announce his appointment the
night before, saying payments related to four deals were
appropriate and nothing illegal had happened.
Takayama was tapped Wednesday after Olympus Chairman Tsuyoshi
Kikukawa stepped down, following a bitter board battle with
Olympus's former chief executive, Michael Woodford. Woodford was
sacked two weeks ago after raising concerns about the four deals,
sending Olympus shares plummeting more than 50%.
On Wednesday, Woodford said he had been asked to meet with the
FBI in New York.
A senior executive at the Tokyo Stock Exchange said Thursday
that Olympus shares could be subject to a review for possible
delisting if the company was found to be involved in "serious
falsification of information."
-By Andrew Joyce, Dow Jones Newswires; +81-3-6269-2770,
andrew.joyce@dowjones.com
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