{"id":14544,"date":"2011-12-06T11:42:00","date_gmt":"2011-12-06T11:42:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/sacked-olympus-ceo-reacts-to-scandal-report-update-14544"},"modified":"2014-09-02T14:53:57","modified_gmt":"2014-09-02T13:53:57","slug":"sacked-olympus-ceo-reacts-to-scandal-report-update","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/sacked-olympus-ceo-reacts-to-scandal-report-update\/","title":{"rendered":"Sacked Olympus CEO reacts to scandal report (update)"},"content":{"rendered":"

Former Olympus CEO Michael Woodford<\/a> who was fired after exposing a massive accounting scandal has today called for wider investigations to shed light on the ?full extent of wrongdoing? at the firm.<\/strong><\/p>\n

Woodford (pictured), who was sacked in October after quizzing boardroom colleagues about suspicious deals, said the third-party committee report<\/a> must just be the start of wider probes into financial malpractice.<\/p>\n

In a statement released this morning, Woodford added: ?The panel?s report has made one thing painfully clear: the massive scale of the malfeasance from which the present directors and statutory authorities persistently averted their gaze.?<\/p>\n

Woodford, who last week launched a campaign to be reinstated as CEO, said he hoped the findings would ?catalyze positive change at Olympus?.<\/p>\n

Welcoming calls for a ‘sweeping renewal? of the boardroom, he added: ?Today?s report must be the beginning, and not the end, of our efforts to discover what has happened at Olympus. <\/p>\n

?Elucidating the full extent of the wrongdoing cited in the panel?s report will require a wide-ranging investigation by agencies armed with investigative authority and advanced forensic resources.?<\/p>\n

Woodford is helping authorities as part of separate, ongoing, inquires in Japan, the US and the UK.<\/p>\n

‘Olympus remains a great company that boasts a proud history, superior human resources, distinctive products, and unparalleled technology,’ Woodford said in a statement emailed to Amateur Photographer<\/em>.<\/p>\n

‘I look forward to working with shareholders and employees to revitalise Olympus and steer the company towards realising its tremendous potential.’<\/p>\n

Following his meeting with Tokyo police, prosecutors and financial regulators on 24 November, Woodford said he feels confident that the authorities will conduct a ‘thorough investigation’.<\/p>\n

(Picture: C Cheesman)<\/p>\n","protected":false},"excerpt":{"rendered":"

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