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2011 » December » 23 » Japanese police search for Olympus spread
7:58 AM Japanese police search for Olympus spread |
| Yesterday, Olympus share price is still rose 16%, to harden a barrel. Today, Japan federation of economic organizations will be punished for Olympus. Olympus in 20 years the cover investment of 1.7 billion dollars in deficit, which became the most serious Japanese history of one of accounting scandal. In the earlier this month, Japan federation of economic organizations have decided in today for Olympus is punished. The New Era Hats industry group may require all as internal organizational position of the Olympus managers to resign, and banned it in a certain time participating members activities. The nikkei business news said the punishment show that the organization said the scandal has seriously affected investors of the Japanese enterprise and the trust of the capital market. Tokyo local prosecutors' TeSouBu JingShiTing, with the securities and exchange surveillance commission, also from today, with violating financial goods suspected of exchange act, began to search for involving the party. Years will also on the original of the management accounting fraud filing survey. Have recently reported Olympus might through the preferred stock raising 100 billion yen ($1.28 billion) fund to support a company's balance sheet. It is this news to promote the Olympus share price harden yesterday. Have Wholesale NFL hats, people familiar with the matter say Olympus are going to introduce SONY, Fuji, domestic new investors to absorb capital, so former CEO Michael wood ford to act as CEO one duty, take back control of a company plan may have failed. According to informed bankers say to sumitomo mitsui financial group, led by Olympus creditors are likely to wood the return of the plan at last shot, and they will support by introducing their new investors for Olympus inject more capital plan.
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