There was a dose of welcome news for controversy-hit Olympus when it strolled off with a Camera of the Year gong last night.

The Olympus Pen E-P3 bagged the honour in a glittering ceremony at the Stuff Gadget Awards in central London.

?We are thrilled that the E-P3 has won this fantastic accolade,? said Olympus UK?s Consumer Products marketing manager Mark Thackara.

?We strongly believe that micro four thirds cameras are the future and have invested in this new technology since we launched our first [digital] Pen in 2009. 2012 looks to be an exciting year with lots of great cameras on the horizon.?

In recent weeks, Olympus Tokyo has been forced to fend off negative publicity following the dismissal of its CEO Michael Woodford who had questioned fees paid in relation to previous acquisitions.

Olympus has set up a third-party committee to look into the deals.

Meanwhile, the UK?s Serious Fraud Office is still considering whether to launch an investigation.

One of the acquisitions involved a British medical equipment firm called Gyrus.

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