Olympus Corp. vowed Wednesday to go after erring executives involved in an elaborate scheme to hide $1.5 billion of investment losses.
The Japanese camera and medical equipment maker said it will investigate some 70 people including former and current board members, auditors and other officials for their possible involvement in the deception that has become one of Japan's biggest corporate scandals.
President Shuichi Takayama bowed deeply in apology at a Tokyo hotel, a day after a third-party panel released the findings of an investigation that showed top executives who were "rotten to the core" had orchestrated the accounting cover-up spanning three decades. (AP)
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