Banker Accused Of Aiding Olympus' $2B Plot Gets Bail

Law360, New York (January 25, 2013, 3:51 PM EST) -- Chan Ming Fon, a Singaporean banker accused of helping medical device and camera maker Olympus Corp. hide money as part of a $1.7 billion accounting fraud, was granted bail Friday, despite prosecutors' warnings that he may try to flee the U.S.

U.S. District Judge Laura Taylor Swain granted Fon's request for bail after his lawyer offered to put up $1 million in cash and nearly $5 million in property in Singapore, Tokyo and Los Angeles.

A former banker at Commerzbank AG and Societe Generale, according to...
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