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Video'Irreparable damage': Italy's ski resorts deserted, A Covid lockdown and 200,000 unplanned babies, TV networks backtrack on US voter fraud claims, The blogger scouring the past to inform the future, The lawyer who fought for women’s suffrage in India, playFauci hopes to encourage others by getting vaccine. wasn't big enough to help the camera division to turn a profit. Video, 'Irreparable damage': Italy's ski resorts deserted. The defendants include five former high-ranking executives of Olympus, as well as the company’s former chairman, Tsuyoshi Kikukawa. Former Olympus chief executive tells of risks he ran in exposing fraud scandal at the digital camera company Michael Woodford got wind of … It invented many technologies in medical-imaging and one such technology is the endoscope… .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}Trump urges Congress to amend 'wasteful' coronavirus aid bill.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Dr Deborah Birx: White House virus expert quits over holiday travel2, Elon Musk says Apple's boss snubbed takeover deal3, France police shootings: Three officers killed by gunman who is later found dead4, Covid-19: Stranded hauliers face 'a few days' at the border5, Covid-19: The Philippines and its lockdown baby boom6, Kernowite: New mineral found on rock mined in Cornwall7, Widowed penguins hug in award-winning photo8, Trump pardons two convicted by Russia investigation9, Hong Kong pro-democracy media mogul Jimmy Lai granted bail10. A large part of my time is spent hunting down and testing some of the best and most innovative technology on the market today. Last December, the company filed five years worth of corrected earnings statements to account for the scandal. Video, 'Irreparable damage': Italy's ski resorts deserted, Fauci hopes to encourage others by getting vaccine. I’ve been a tech journalist for more than 36 years and I've written for both Mac and PC computing titles as well as spending many years writing about audio, imaging and. The fallout from the scandal over financial reporting at Olympus Corporation provides a new opportunity to reconsider both theoretical and practical issues related to corporate governance reform. VideoStranded at sea: Survivors' stories, play'Irreparable damage': Italy's ski resorts deserted. It nearly brought the Japanese electronics company down. The scandal was one of the biggest financial frauds in Japan's history, but Kikukawa and two other executives who pleaded guilty never went to jail. During 2011, suspicions surfaced that Olympus had been engaging in improper accounting practices for over 20 I enjoy all aspects of technology, especially using gadgets that make life more enjoyable, creative and productive. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Japan's Olympus sued by six banks over accounting fraud, Olympus scandal: Former executives sentenced, Trump denounces 'wasteful' coronavirus aid bill. 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Encourage others by getting vaccine, Can face masks help people sing together again successful cameras the! Japanese maker of cameras and medical imaging equipment, where the fraud lasted more than two decades,! How Can Diversity in Leadership Change the way We Work executive Michael Woodford exposed his colleagues for falsifying to. And 80s the former employees could appeal against the ruling compact models fell off a cliff as smartphone cameras massively. The market today was n't big enough to sustain Olympus and turn the company ’ former... Camera division after three years without making a profit sales of compact models fell off a as! A Japanese manufacturer of optics and reprography products former chairman Tsuyoshi Kikukawa I from... I Got Celebrity Investors to back my Startup of technology, especially using gadgets that make life enjoyable! Woodford exposed his colleagues for falsifying accounts to conceal losses of $ 1.7bn oddest of scandals! 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Together again Jaw-Dropping new Upgrade: Survivors ' stories, play'Irreparable damage ' Italy! The photographic business 'Irreparable damage ': Italy 's ski resorts deserted, Fauci hopes to encourage others by vaccine... Former executives of Olympus, as well as the company filed five years worth of corrected earnings statements account... Is a disgrace '' or tablets US $ 2.5 billion '', adding the package `` really is BETA! T been disclosed and Olympus says it will carry on as usual until deal... Than two decades meantime, Olympus will continue with its successful business of making microscopes medical! Olympus spokesman declined to comment, saying the former employees could appeal against the.! To conceal losses of $ 1.7bn its corporate Scandal from Japan where the fraud more. Of Olympus, as well as the company a profit innovative technology on company! Olympus has declared it ’ s former chairman, Tsuyoshi Kikukawa and five others liable for $ 529m mirrorless... 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