Olympus Four Thirds of the money disappears

Above: Olympus chairman Tsuyoshi Kikukawa speaking at a press conference to announce the firing of CEO Woodford

Reuters are reporting on an escalation in the Olympus scandal, as the future of the company looks more and more uncertain.┬áThe key figure has emerged as a Wall Street banker (I am not surprised) of Japanese descent named Hajime “Jim” Sagawa, after British ex-CEO Michael Woodford filed a paper trail with the Serious Fraud Office in London this week.

On their recommendation Woodford (above, left-middle) is now seeking police protection from Scotland Yard due to fears for his safety.

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