Japan Watchdog Seeks Charges Over Olympus Fraud

Law360, New York (March 6, 2012, 7:58 PM EST) -- A Japanese securities regulator on Tuesday reportedly requested the indictment of Olympus Corp. and six former executives and outside advisers allegedly involved in the company's $1.7 billion accounting scandal.

The Securities and Exchange Surveillance Commission filed criminal complaints with prosecutors against the company, former Chairman Tsuyoshi Kikukawa, one-time Executive Vice President Hisashi Mori and Hideo Yamada, a former company auditor, Dow Jones reported.

The complaints mark the first time authorities have formally sought criminal charges over the scandal, Dow Jones reported.

SESC complaints also targeted external...
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