A unit from the Tokyo Metropolitan Police Department’s organized crime division has joined an investigation into an accounting scam at Japan’s disgraced Olympus Corp, a source familiar with the matter said on Friday, in a sign that the scandal could widen.
Olympus, a world leader in diagnostic endoscopes, has admitted hiding losses for decades through improper accounting, but has yet to say how far this concealment went and what writedowns it will now need to take.
via Japan probes possible Olympus gangster link: source | Reuters.
