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Exclusive: Olympus accounting tricks queried back in 1990s

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Tue, 15 Nov 11 4:10 PM | 42 view(s)
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Exclusive: Olympus accounting tricks queried back in 1990s

People walk past a sign of Olympus Corp outside the company's showroom in Tokyo November 10, 2011.
TOKYO/MIAMI (Reuters) - An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to "invent" assets and patch up its balance sheet, he told Reuters.

Credit: Reuters/Toru Hanai (JAPAN - Tags: BUSINESS)

Tim Kelly and Kevin Gray

TOKYO/MIAMI
Mon Nov 14, 2011 10:59pm EST

link-
http://www.reuters.com/article/2011/11/15/us-olympus-banker-idUSTRE7AE05Z20111115




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