Tokyo police, prosecutors and the securities watchdog will likely launch a raid on the offices of disgraced Olympus Corp this week on suspicion the company falsified financial accounts, Kyodo News has reported, citing investigative sources.
The raid has been expected to follow a re-statement of Olympus’s financial records, which were presented on December 14 and revealed a $1.1 billion dent in its balance sheet after a 13-year fraud.
Full Story: Olympus offices to be raided this week: report