Jun 17, 2014

Heads of failed game developer Index Corp. indicted for fraud

Tokyo prosecutors indicted the chairman and the president of failed Japanese game software developer Index Corp. on Tuesday for alleged accounting manipulation. Index Chairman Masami Ochiai, 54, and his wife, Yoshimi, 48, president of the company, have been charged with submitting false financial statements ...

Apr 9, 2014

Banks sue Olympus for ¥27.9 billion over fraud

Olympus Corp. said Wednesday it’s being sued by six banks for a total of ¥27.9 billion in damages, the largest amount among civil lawsuits filed against the camera and endoscope maker over a 13-year accounting fraud. The banks are seeking compensation for damages resulting ...