Tsuyoshi kikukawa biography of michael jackson
Olympus scandal
Tobashi scheme used to distort the profits and debts of Olympus that Michael Woodford exposed
| Key players | Olympus Corporation: Michael Christopher Woodford, Tsuyoshi Kikukawa, Hisashi Mori, Hideo Yamada; Intermediaries: Hajime Sagawa, Akio Nakagawa, Nobumasa Yokoo Auditors: KPMG, Ernst & Young |
|---|---|
| Suspicious acquisitions | ITX (2003), Altis, Humalabo and News Chef (2005–2008), Gyrus Group (2008) |
| Missing assets | ¥376 billion yen ($4.9 billion)[1] |
| Whistleblower | ex-CEO Michael Christopher Woodford (later won damages for wrongful dismissal) |
| Corporate casualties | Tsuyoshi Kikukawa, Hisashi Mori, Hideo Yamada and others |
| Official investigations | Serious Fraud Office, Federal Bureau of Investigation, Financial Services Agency, Tokyo Metropolitan Police, Securities and Exchange Surveillance Commission, Tokyo Stock Exchange |
The Olympus scandal was a case of accounting fraud exposed in Japan in 2011 at optical equipment m