Olympus stock slides on possible fresh wrongdoing
Reuters –
TOKYO (Reuters) – Olympus Corp’s shares slid on Wednesday after the scandal-battered endoscope and camera maker revealed it may have broken a U.S. law that bans corporations from offering bribes to win business in overseas markets.
The 6.8 percent tumble in Olympus’ stock also followed a surprise lawsuit by medical equipment maker Terumo Corp, which is vying with Sony Corp, FujiFilm Holdings and other companies to inject money into the cash-strapped company in return for a stake.
Olympus in October told the U.S. Department of Justice about travel, meal and entertainment expenses paid by its U.S. subsidiary to doctors in a training programme in Brazil that may have violated the Foreign Corrupt Practices Act, company spokesman Osamu Kobayashi said on Wednesday, confirming an earlier Bloomberg report.
Bloomberg on Wednesday quoted Chairman
Category: Technology
