Olympus executives sentenced over accounting fraud

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Three former Olympus executives have been given suspended jail terms for their roles in one of Japan’s biggest accounting scandals.

Former chairman Tsuyoshi Kikukawa, vice president Hisashi Mori and auditing officer Hideo Yamada pleaded guilty last year to charges of falsifying accounts to cover up losses of £1.1bn. Kikukawa and Yamada were given three-year sentences while Mori got two-and-a-half-years.

The camera manufacturer has also been ordered to...

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By daymar
04th Jul 2013 23:02

No not jaied

Not actually jailed - only received suspended sentences which is actually extremely lenient considering they will not be in a position to do the same again anyway

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