Olympus admits paying $678m in ex-CEO scandal

Imaging and camera maker Olympus has admitted that it paid two financial advisers $687 million in fees for a $1.3 acquisition the company made in 2008. That is twice the amount that Olympus chairman, Tsuyoshi Kikukawa, acknowledged paying on Tuesday. It also is the amount that former CEO Michael Woodford on Friday had publicly claimed was involved, shortly after which he was fired....



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