Japanese Police Launch Official Investigation Into Olympus -Report
10 November 2011 - 10:09AM
Dow Jones News
The Tokyo Metropolitan Police Department has launched an
official investigation into Olympus Corp. (7733.TO) and has
requested company documents, the Yomiuri Shimbun reported Thursday,
after the firm admitted hiding losses for decades.
Olympus is being investigated under suspicion of breaching
Japan's Financial Instruments and Exchange Law, the report said,
after the firm said Tuesday that it spent decades covering up
investment losses and had tried to clean up its books using four
later acquisitions.
Japanese police will exchange information gathered during the
investigation with overseas law enforcement agencies, such as the
U.S. Federal Bureau of Investigation, which is also pursuing an
investigation into Olympus, the report said.
-Tokyo Bureau, Dow Jones Newswires; +81-3-6269-2770
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