accounting irregularities, was given a suspended three-year jail sentence for his part in the $1.7 billion cover up. Former executive vice-president Hisashi Mori was given a three-year suspended sentence and Hideo Yamada, a former auditing officer, was given a two-and-a-half year suspended sentence.
Date: Jul 03, 2013
Category: Business
Source: Google
Tokyo Court Gives Ex-Olympus Chairman Suspended Prison Sentence
The court also handed down suspended sentences to former auditor Hideo Yamada and former executive vice president Hisashi Mori, while imposing a Y700 million ($7 million) fine on the company itself. All three men pleaded guilty to the charges.
Date: Jul 03, 2013
Category: World
Source: Google
Scandal-hit Japan firm Olympus, ex-officials charged
Tokyo District prosecutors said Kikukawa, two other former Olympus executives, Hideo Yamada and Hisashi Mori, and three financial advisers falsified the company's balance sheet in fiscal 2006 and 2007.
Six individuals, including Olympus former chairman Tsuyoshi Kikukawa, former executive vice president Hisashi Mori andformer auditing officer Hideo Yamada, were also prosecuted,according to a faxed statement from the prosecutors office.
Date: Mar 06, 2012
Category: Business
Source: Google
Olympus Former Chairman and Six Others Arrested Over Fraud
Kikukawa, 70, who headed Olympus for 10 years until last year, Hideo Yamada, 67, who led the investment unit since the 1980s and later became an auditing officer, and former Executive Vice President Hisashi Mori concealed losses, booked overstated goodwill and falsified financial statements, the pro
Two other disgraced Olympus executives, Hisashi Mori and Hideo Yamada, were arrested along with Mr Kikukawa. All three men left the company after the scandal broke in October, and had been named by Olympus as the central organisers of a loss-hiding scheme whose origins date to the 1990s.
Date: Feb 16, 2012
Category: Business
Source: Google
Former Olympus chairman arrested as scandal deepens
Kikukawa, former Olympus executive vice president Hisashi Mori and former auditor Hideo Yamada were detained along with two former bankers and two others, under suspicion of violating Japan's Financial Instruments and Exchange Act.
Date: Feb 16, 2012
Category: Business
Source: Google
Exclusive: Olympus sues current president, ex-directors
An outside investigative panel recently found former Chairman Tsuyoshi Kikukawa, former Executive Vice President Hisashi Mori and former auditor Hideo Yamada had played leading roles in a 13-year scheme to hide losses from Olympus investors.