Olympus Corp. likely will be allowed to remain on the Tokyo Stock Exchange--at least for the time being--but the scandal-mired optical equipment maker could be fined and forced to reform its management to stay listed, The Yomiuri Shimbun has learned.
The TSE could make a final decision this month on Olympus, which came under a cloud last year after revelations that it had been hiding huge losses for decades. The company also released false financial statements.
A TSE self-regulatory body that supervises the market and screens companies' worthiness to be listed has almost completed its investigation into Olympus. It has interviewed Olympus executives and other people involved in the case.
The watchdog could hold an extraordinary directors meeting sometime this month, at which it will officially decide on whether Olympus should remain listed on the TSE. (Yomiuri)
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