Olympus and former executives plead guilty to fraud
Former Olympus chairman Tsuyoshi Kikukawa has pleaded guilty to charges of falsifying accounts, covering up losses of $1.7bn (£1.1bn), at the opening of his trial.
Two other former executives, as well as the camera firm itself, filed a guilty plea in Tokyo District Court.
The three admitted to hiding losses dating back to the 1990s, which were brought to light by a former chief executive, Michael Woodford.
Mariko Oi reports.
25 Sep 2012
- From the section Business