October 25th, 2011 
admin The U.S. Federal Bureau of Investigation is probing the massive advisory fee involved in the takeover of a British company by Olympus Corp, in a deepening scandal that has wiped out more than half the company’s value.
The British CEO who says he was fired for questioning the $687 million payment to advisers has called on authorities in both Britain and Japan to also investigate the payments.
From in.news.yahoo.com:
The endoscope and camera maker said last week it would commission its own independent review of past acquisitions, although the ousted CEO, Michael Woodford, said the company was playing for time. It already carried out a review in 2009 that concluded no management wrongdoing, documents he provided show.
Olympus is struggling to contain the crisis at the 92-year-old company following Woodford’s revelations. In its latest comments, it said on Monday that the replacement of its auditors in 2009 was not linked to the Gyrus acquisition.
The fee is the largest on record at $687 million.
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