Eke. a virtually-century old outfit is currently giving up office space to Japanese prosecutors, who today moved in on Olympus ‘ Tokyo facilities in a raid surrounding an ongoing accounting investigation. In keeping with reports from The Wall Street Journal and Reuters, the scandal involves many billions of greenbacks — “irregularities” which have raised serious concerns in regards to the outfit’s handling of funds. It’s bruited that the corporate was running a scheme to hide over $1.5 billion in investment losses, and we’re told that the raid should pass right on through Olympus’ headquarters and into the “homes of executives fascinated with the canopy-up.” All of this follows an admission last month that the firm had used “inflated payments made in acquisitions in recent times,” and while it remains unclear what all of this suggests for its future, there is no doubt a couple of dark months are ahead as things sort themselves out. Loads for looking pretty for the camera, eh?
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