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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Olympus Corporation (PK) | USOTC:OCPNY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.00 | 0.00 | 01:00:00 |
Michael Woodford, the former British chief executive of Olympus Corp. (7733.TO), said Thursday he will visit Japan next week to meet with local police and other authorities Nov. 24.
Woodford said he will meet next Thursday with officials from the police, the Securities and Exchange Surveillance Commission, the financial markets watchdog and the Tokyo Stock Exchange.
It will be Woodford's first trip to Japan since Olympus fired him Oct. 14 after he raised questions over massive payments that the Japanese medical equipment and camera maker made in its past acquisitions. Olympus last week admitted the payments were part of a scheme to cover up investment losses from the 1990s.
Authorities in Japan and abroad, including the Tokyo Metropolitan Police and the U.S. Federal Bureau of Investigation, have already begun investigating Olympus, and the company has set up a third-party committee to probe its improper accounting.
-By Juro Osawa, Dow Jones Newswires; 813 6269 2794; juro.osawa@dowjones.com
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