On Wednesday, prosecutors in Japan filed official charges against six individuals for their role in the accounting scandal at Olympus. They also filed charges against Olympus.
The six charged include the ex-chairman, former executive vice president, former corporate auditor and three outside bankers.
I previously mentioned the arrests.
Two articles discussing the filing of charges:
- Wall Street Journal – Japan Prosecutors Charge Olympus, Executives (behind paywall)
- Rueters –Japan prosecutors charge key figures in Olympus scandal
One of the individuals arrested wasn’t charged. The WSJ article says the national securities commission concluded that outside advisor wasn’t as heavily involved.