Saturday, April 14, 2012

Japanese watchdog agency wants to fine Olympus $2.5 million

Japanese watchdog wants to fine Olympus $2.5 million
Wondering how this whole Olympus accounting scandal is gonna wrap up? Well, it might simply come to a close with a 200 million yen (about $2.5 million) fine. That's the seemingly tiny amount the Japanese SESC (Securities Exchange and Surveillance Commission) is recommending the company be fined. Ultimately the FSA (Financial Services Agency) will decide how large of a monetary punishment is appropriate for the $1.7 billion scandal. And, don't forget, there's still the drama of Olympus suing its own president and other executives to look forward to.

Japanese watchdog agency wants to fine Olympus $2.5 million originally appeared on Engadget on Fri, 13 Apr 2012 10:27:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceReuters  | Email this | Comments


dick clark lemonade diet steve jobs action figure chris jericho rose bowl johnny weir quadrantid meteor shower

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.