• Kyodo

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Former Olympus Corp. Chairman Tsuyoshi Kikukawa, arrested for falsifying the camera maker’s financial reports, was granted bail by the Tokyo District Court on Friday after posting a ¥30 million bond.

The court also granted bail to Akio Nakagawa, 61, a former securities firm employee arrested for conspiring with Kikukawa, 71, after he posted a ¥120 million bond. Kikukawa is accused of submitting financial reports that padded Olympus’ assets from 2007 through March 2011, while Nakagawa allegedly conspired with him to submit falsified reports from 2007 to 2010.

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