Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  2. 7

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  3. 8

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  4. 9

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
  5. 10

    Seoul's first snowfall could hit hard, warns weather agency

    Seoul's first snowfall could hit hard, warns weather agency
소아쌤

Olympus, ex-officials charged: prosecutors

By Korea Herald

Published : March 7, 2012 - 21:13

    • Link copied

OKYO(AFP) ― Japanese prosecutors said Wednesday they had charged scandal-hit Olympus and three former senior executives over a huge loss cover-up.

It came as the 20-day detention period of former president Tsuyoshi Kikukawa, named as a key player in a scheme to shift $1.7 billion of losses from the camera-maker’s balance sheet, expired.

Tokyo District prosecutors said Kikukawa, two other former Olympus executives, Hideo Yamada and Hisashi Mori, and three financial advisers conspired to falsify the company’s balance sheet in fiscal 2006 and 2007.

The same charge was also laid against Olympus as a corporate entity.

Prosecutors also arrested the three disgraced former Olympus officers and financial adviser Akio Nakagawa for lying in financial documents relating to fiscal 2008 and fiscal 2009 as well as in 2011.

More from Headlines