SFO takes on Olympus over accounting scandal

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The Serious Fraud Office (SFO) has started criminal proceedings against Olympus and its UK subsidiary in connection to a £1.1bn accounting scandal at the Japanese camera maker.

Olympus and Gyrus Group, a UK subsidiary of Olympus Corporation, have been charged with offences of making a statement to an auditor which was "misleading, false or deceptive," contrary to section 501 of the Companies Act 2006, the UK anti-fraud agency said.

Gyrus Group faces...

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