• Kyodo


The securities industry watchdog recommended Friday that the Financial Services Agency impose a ¥191.82 million fine on Olympus Corp. for falsifying its financial statements for more than five years.

The Securities and Exchange Surveillance Commission said the major camera and medical equipment maker broke the law by overstating the value of the investment securities in its books from the business year ended March 2007 to the April-June quarter of 2011.

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