Olympus Ex-CEO Woodford: To Visit Japan, Meet With Authorities Nov 24
November 17 2011 - 5:38AM
Dow Jones News
Michael Woodford, the former British chief executive of Olympus
Corp. (7733.TO), said Thursday he will visit Japan next week to
meet with local police and other authorities Nov. 24.
Woodford said he will meet next Thursday with officials from the
police, the Securities and Exchange Surveillance Commission, the
financial markets watchdog and the Tokyo Stock Exchange.
It will be Woodford's first trip to Japan since Olympus fired
him Oct. 14 after he raised questions over massive payments that
the Japanese medical equipment and camera maker made in its past
acquisitions. Olympus last week admitted the payments were part of
a scheme to cover up investment losses from the 1990s.
Authorities in Japan and abroad, including the Tokyo
Metropolitan Police and the U.S. Federal Bureau of Investigation,
have already begun investigating Olympus, and the company has set
up a third-party committee to probe its improper accounting.
-By Juro Osawa, Dow Jones Newswires; 813 6269 2794;
juro.osawa@dowjones.com
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