Scandal hit Olympus' shares plunge further

Euronews | Nov 9, 2011 

http://www.euronews.net/ Shares of Japanese camera maker Olympus continue to plunge as more details emerge of a financial scandal dating back 20 years. The stock fell by nearly half in just two days this week.


It has now been revealed that Olympus lost huge amounts through investments over a two decade period. One report from the Nikkei news agency said it involves more than 700 million euros worth.


It then covered up those losses by appearing to pay extremely high advisory fees when it took over other companies.

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