Skip to comments.$4.9 Billion Still Missing at Olympus, Murmurs of Yakuza Links Persist
Posted on 11/18/2011 8:31:56 PM PST by SWAMPSNIPER
Here are some developments in the ongoing Olympus scandal: investors and a former director are currently calling for fired CEO Michael Woodford to be brought back to clean house and right the ship. At the same time, The New York Times is reporting that Japanese investigators are still trying to understand a $4.9 billion hole in Olympus financial records, and believe that over half of that amount were paid to organized crime groups in Japan. More specifically, the company is accused of being linked to Yamaguchi-Gumi, the countrys most infamous yazuka organization.
I thought they were made in Greece...on a mountain...by gods....;)
Lots of corruption in Japanese business. Its just very hard to find sometimes. Olympus will probably survive, and the executives will be slapped with some fines, and resign. Its the way things work here in Japanese political and business corruption.
I had an Olympus OM-2 in the 70’s. It was like a little jewel. We lost something with the transition to digital. I’d like to find one on Ebay and do some black and white darkroom work again.
We had a Camedia E-20 that was a great camera, and their micro-format 3/4 cameras have the potential to be almost SLR’s with the size of point-and-shoots. They just need to tweak the evf and focus speeds.