Prosecutors raid the HQ of Olympus in earnings probe
Japanese prosecutors have raided the headquarters of camera and medical equipment maker Olympus as part of an ongoing investigation.
Olympus is being probed over its accounting practices and the admission that it hid losses.
The issue came to light after former chief executive Michael Woodford claimed he was fired for questioning payments relating to mergers.
Olympus admitted it hid $1.5bn (£968m) of losses over the past two decades.
Roland Buerk reports.
21 Dec 2011
- From the section Business