Like one poster said on another Olympus thread, Woodford clearly tried to blackmail the board and lost badly.
Read Olympus' response and you can see clearly that the payments were for options related to preferred shares for the Gyrus M&A case (mostly likely for tax purposes). The sum maybe hight but nothing suggest it's not legitimate.
I think a lot of people on this board had already made up their mind about guilt even before considering any evidence. This story will probably fizzle in a few months - Olympus has the football and they only needs to run the clock out on Woodford and his ilk.