Olympus fraud

Started Feb 6, 2012 | Discussions thread
Nigel S Contributing Member • Posts: 565
Re: Olympus fraud

glanglois wrote:

I'd argue that they have two problems (at least): a dodgy (and suspect) balance sheet and a suspect management. But they'll probably be bailed out for now owing to the strength of their medical imaging business. The consumer camera business?? Selling or spinning that off may well be the way they fix that balance sheet and the continuing drain on profits the unit creates.

The balance sheet has the same amount of money in it as before the trouble started and the dodgy management either has or is being disposed of; if anything it is ending up as one of the most trustable Japanese companies as the others are not necessarily any better than Olympus was and the Olypus accounts have now been well inspected!

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