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$4.9 Billion Still Missing at Olympus, Murmurs of Yakuza Links Persist
PETAPIXEL ^ | Nov 18,2011 | swampsniper

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 country’s most infamous yazuka organization.


TOPICS: Arts/Photography; Business/Economy; Miscellaneous
KEYWORDS: camera; olympus
I hate to see this, I've got a soft spot for Olympus cameras
1 posted on 11/18/2011 8:32:00 PM PST by SWAMPSNIPER
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To: SWAMPSNIPER
I've got a soft spot for Olympus cameras

I thought they were made in Greece...on a mountain...by gods....;)

2 posted on 11/18/2011 8:37:54 PM PST by Tainan (Cogito, ergo conservatus sum)
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To: SWAMPSNIPER

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.


3 posted on 11/18/2011 8:55:43 PM PST by lefty-lie-spy (Stay metal. For the Horde \m/("_")\m/ - via iPhone from Tokyo.)
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To: SWAMPSNIPER

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.


4 posted on 11/18/2011 9:11:32 PM PST by ccmay (Too much Law; not enough Order.)
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To: ccmay

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.

Ed


5 posted on 11/19/2011 12:37:01 PM PST by Sir_Ed
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