The announcement by the Group of the impossibility to communicate to shareholders last financial data quarterly within the deadline set, next Monday, he made further down the title Olympus Tokyo Stock Exchange: -17.1%, to ¥ 484.
Big trouble for the Japanese group which, by mid-October, has sold more than 80%. The cause of the collapse of the title is the scandal following the dismissal of President Michael Woodford-first Westerner in the history of the brand-that denounced a gigantic (687 million dollars paid to advisor for an acquisition) first denied and then admitted by the directors of Olympus.
Now the title is under observation and is likely the “delisting”, the Tokyo Stock Exchange authorities could withdraw title from listing.
Meanwhile continue investigations into fraud denounced by Woodford. If it came out that Olympus has really forged budgets for years, hiding losses, for a series of diregenti and former leaders could open the doors of the prison, with penalties of up to 10 years.
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