Now the FBI is investigating the huge fee Olympus paid

By PR admin | Published: October 25, 2011

FBI seal Now the FBI is investigating the huge fee Olympus paidolympus logo Now the FBI is investigating the huge fee Olympus paid

From NYTimes - now the FBI is investigating the questionable Olympus deal:

The F.B.I. is now investigating the $687 million payment, according to two people briefed on the case. The focus of the investigation is not yet clear, and a spokesman for the F.B.I. in New York, James M. Margolin, declined to comment.

“We are not aware of any investigation” in the United States over the Gyrus deal, said Yoshiaki Yamada, a spokesman for Olympus in Tokyo. He said he could not comment further, including whether Olympus had been contacted by United States authorities.

Olympus continues to deny any "underworld links". The company's stock is currently trading at 1,190 (it was almost 2500 before the CEO Michael Woodford got fired):

olympus stock price Now the FBI is investigating the huge fee Olympus paid

Related posts:

  1. Olympus admitted that it used questionable deal to hide losses
  2. Olympus chairman and president Tsuyoshi Kikukawa resigns
  3. Olympus update
  4. Olympus EP-2: released before the end of the year, with a viewfinder
  5. Rumors from Japan: Olympus linked to organized crime syndicates

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7 Comments

  1. pdc
    Posted October 25, 2011 at 4:50 pm | Permalink

    Anyone seen Jim Sagawa?

  2. Camaman
    Posted October 26, 2011 at 5:26 am | Permalink

    What’s FBI got to do with it?
    Who called them? And Why do they have jurisdiction?

  3. hiplnsdrftr
    Posted October 26, 2011 at 10:40 am | Permalink

    Investigation can merely be to see if they have any jurisdiction.

    If Olympus has a branch in the US then that can be investigated I suppose?

  4. TaoTeJared
    Posted October 26, 2011 at 10:58 am | Permalink

    FBI has jurisdiction and a responsibility to investigate on anything traded on Wall Street, a company has business dealings in the US, or if a US citizen is involved. All of which is the case here. FBI Investigates international companies all the time and turns the material over to countries with jurisdiction to aid their investigations.

    It is good to see a CEO who was honest asking a simple question looking out for the company. Very few would these days. Hats off to him.

    • outkasted
      Posted October 26, 2011 at 11:05 am | Permalink

      The time of the CEO as we know will soon come to an end. They will be the scapegoats of the rich. ” Take one for the team”…..to bad lot of the CEO’s family members and friends will also feel the impact.

  5. outkasted
    Posted October 26, 2011 at 11:02 am | Permalink

    Just the messenger….An interesting article
    http://www.highbrowmagazine.co​m/story-rise-and-fall-cayman-i​slands