Japanese watchdog agency 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.

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Source: http://www.engadget.com/2012/04/13/olympus-accounting-scandal/

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