? PhotographyBLOG - Photography News, Reviews, Articles, Gallery, Forums, Film and Digital
PhotographyBLOG


Newsletter Competition

LATEST REVIEWS

Sony Cyber-shot T77
Sony Cyber-shot T700
Sanyo HD2000
Autodesk Stitcher
Panasonic DMC-FS25
Portraiture 2
Olympus E-30
Sony A900
Olympus SP-565 UZ
Genuine Fractals 6

All Reviews
Best Digital Cameras

LATEST COMMENTS

Impossible B&W SX-70 Hard Color
Date: Jul 28, 2015
Name: charle dick

Impossible B&W SX-70 Hard Color
Date: Jul 28, 2015
Name: opal dennis14

Flickr Reintroduce Pro Accounts
Date: Jul 27, 2015
Name: Bob

Try Photoshop & Lightroom CC 2015 for Free
Date: Jul 27, 2015
Name: emmaspayton

Impossible B&W SX-70 Hard Color
Date: Jul 27, 2015
Name: greg evan

Impossible B&W SX-70 Hard Color
Date: Jul 27, 2015
Name: lisa monk76

Impossible B&W SX-70 Hard Color
Date: Jul 27, 2015
Name: juanita thompson

Amazon Opens Huge Photography Studio in London
Date: Jul 26, 2015
Name: Tristan Robitaille

Mamiya ZD Digital Back Adapter for RB67 Pro-S/Pro-SD
Date: Jul 25, 2015
Name: mike fleming

Everyday Messenger Bag Goes Live on Kickstarter
Date: Jul 25, 2015
Name: Ernest Pile

Latest Threads

MOST COMMENTS

Panasonic DMC-LX1 Announced (796)

Kodak Easyshare Z981 (514)

Panasonic Lumix DMC-LX2 (481)

Ricoh Caplio R3 Announced (422)

Panasonic DMC-FZ30 Announced (361)

Fujifilm Finepix E550 Review (264)

Sony DSC-H5 and Sony DSC-H2 (241)

Canon G7 (227)

Samsung S800, Samsung S600 and Samsung S500 (209)

Canon EOS 400D (189)


ARCHIVES

July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014

Latest News Stories

AFFILIATES

Digital Photography Blog
Digital Wedding Forum
Everyday Eye
Mark Goldstein
Mobile Phones
ShutterPoint
 

Wednesday, September 04, 2013

Serious Fraud Office to Prosecute Olympus

The United Kingdom's Serious Fraud Office (SFO) has initiated proceedings against Olympus and its UK subsidiary Gyrus Group. Former president Michael Woodford had discovered a lot of "strange goings-on at the company" as early as 2008, including some aspects of the Gyrus acquisition, and after being promoted to CEO, he started to seek answers to questions related to a number of other "questionable" transactions, leading to his dismissal on 14 October 2011. After his ouster, Woodford offered to speak to authorities in the UK and Japan, which prompted an investigation that revealed a cover-up of huge losses dating back twenty years, causing three high-ranking Japanese officials of the company to be sentenced to suspended jail terms. Having completed its own investigation, the SFO has now decided to bring a prosecution against Olympus and Gyrus. The charges allege that certain representations made to the auditors of Gyrus in the documents related to the company's financial accounts for the fiscal years 2009 and 2010 were misleading, false or deceptive in a material particular, contrary to Section 501 of the UK Companies Act of 2006. Commenting on the news Olympus noted that "the potential financial impact of this prosecution on Olympus Group’s business is unclear."

Click to continue...



 



Pixmania Logo

Discover a wide range of digital cameras at low prices. Buy cheap cameras from Sony and Canon. Share your photos thanks to digital photo frames.


Varnam Logo

Varnam offers digital photo frame with built-in memory & battery.




© Copyright 2003-2008 Photo 360 Limited
Best Viewed at 1024x768 Screen Resolution