Administrative disputes in Olympus moved to a new stage. It became known that the company filed a lawsuit against its former president Tsuyoshi Kikukawa (Tsuyoshi Kikukawa) and 19 other top managers, accusing them of forging financial reports.
It all started after the story about concealing losses surfaced, than Olympus worked for almost 20 years. Thus, despite the losses in the billions, it was possible to maintain the value of the shares at the proper level. Now the corporation is obviously hard at work looking for "switchmen" in order to save face. As for the value of the share, after the truth came out, there was a real collapse.
Tsuyoshi Kikukawa got the most, from whom they are now demanding an amount of $ 47 million. Surely it will not be sweet for other accused either.
Meanwhile, the man who started it all, Briton Michael Woodford, the former CEO of the company, who was fired for “inconsistency with corporate ethics,” is demanding reinstatement.