An independent panel issued a damning report on a $1.7 billion accounting scandal at Japan's disgraced Olympus Corp on Tuesday, urging legal action against the executives responsible for the cover-up and the replacement of other board members who knew.
The six-man panel of experts found no link with organised crime, however, an outcome that may help the 92-year-old maker of cameras and endoscopes remain listed on the Tokyo stock exchange and survive a scandal that ranks among Japan's worst.
But the report failed to satisfy Olympus' ex-CEO Michael Woodford, who blew the whistle on the scandal after being fired. (Reuters)
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