A third-party panel appointed by Olympus Corp. to investigate its loss-hiding scandal this week claimed the company had no ties with organized crime, but its future path hinges on resolving a battle with its former president and remaining listed on the Tokyo Stock Exchange.
While harshly criticizing the company's top echelon, the findings in the panel's report fell basically in line with the company's assertions, saying it found no involvement of "antisocial organizations," a euphemism for organized crime syndicates.
The panel concluded that the camera and medical equipment maker has no off-the-book liabilities, after concealing ¥117.7 billion in investment losses dating back to the 1990s.