The Tokyo District Court gave a suspended sentence Monday to a former brokerage executive who helped Olympus Corp. falsify financial statements for the 2007-2010 business years to cover up massive investment losses at the company.
Akio Nakagawa, 64, was sentenced to 18 months in prison, suspended for three years, and fined ¥7 million for conspiracy with three former executives of the camera and medical equipment maker, the court said.
The three have also received suspended prison terms in the case.
Nakagawa and three others who are still on trial were indicted in 2012 for overstating Olympus’ net assets by ¥45.5 billion to ¥117.8 billion in its financial statements filed with the Finance Ministry.
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