Mariko Oi
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Olympus executives charged with fraud in Japan

Prosecutors in Tokyo have charged six former Olympus executives with fraud.

Ex-chairman Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori and former auditor Hideo Yamada are among those charged with falsifying securities reports.

Olympus has admitted to hiding these losses for over 20 years, in one of Japan's biggest corporate scandals

The company itself also faces criminal charges and could face multi-million dollar fines.

Mariko Oi reports.

  • 07 Mar 2012
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