Former Olympus chairman Tsuyoshi Kikukawa
Media playback is unsupported on your device

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.

Go to next video: Woodford criticises Japanese investors