Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair.
The maker of cameras and medical equipment is trying to put the $1.7 billion scandal behind it, having wrapt up its own third-party investigation late last year. It is seeking out investment partners and looking to vote in a new board in April.
However, law-enforcement agencies in Japan, Britain and the United States are still investigating the fraud at the multinational which, according to the third-party probe, was used to hide investment losses from investors for 13 years. (Reuters)
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