{"id":14902,"date":"2011-11-08T08:39:00","date_gmt":"2011-11-08T08:39:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/plot-thickens-as-olympus-fires-vice-president-14902"},"modified":"2014-09-02T15:00:06","modified_gmt":"2014-09-02T14:00:06","slug":"plot-thickens-as-olympus-fires-vice-president","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/","title":{"rendered":"Plot thickens as Olympus fires vice president"},"content":{"rendered":"

\"Mori\"<\/img><\/p>\n

Picture: Olympus has sacked its vice president Hisashi Mori, after a third-party panel discovered he was ‘involved’ in hiding company losses<\/em><\/p>\n

Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.<\/strong><\/p>\n

Olympus last night said it had discovered that Mori was involved in deferring the posting of losses in the company?s accounts relating to investment securities.<\/p>\n

In a statement, released today, Olympus said that ?a series of fees, including acquisition funds, had been used to resolve such deferral in the posting of these losses’.<\/p>\n

Dismissing Mori, Olympus revealed that funds used to buy back preferred stock in relation to Olympus?s takeover of British firm Gyrus were partly used to cover these losses ?by going through multiple funds?.<\/p>\n

Olympus?s acquisition of Gyrus – a medical equipment firm – in 2008, lies at the centre of a corporate controversy<\/a> that has engulfed the legendary camera maker since last month, causing its share value to nosedive.<\/p>\n

Former CEO Michael Woodford, from Britain, was sacked after questioning fees<\/a> of nearly $700m that was paid to financial advisers in relation to the Gyrus buy-out.<\/p>\n

Olympus today said that funds used to purchase three domestic companies, Atlis Co Ltd, NEWS CHEF Inc and Humalabo Co Ltd, were also used to ?resolve unrealized losses?.<\/p>\n

The firm?s corporate auditor, Hideo Yamada, has offered to resign.<\/p>\n

Reacting to the announcements, Woodford told Bloomberg Television<\/a>: ‘I think there is more to come… There are many more questions than answers’.<\/p>\n

Woodford today demanded Olympus appoints a new board of directors and deploys a team of ‘forensic accountants’.<\/p>\n

RECENT ARTICLES<\/p>\n

We have lost customers’ trust, says Olympus president<\/a><\/p>\n

Olympus is a good business, says sacked CEO<\/a><\/p>\n

Olympus crisis: Japan PM enters fray<\/a><\/p>\n

Olympus not aware of ‘FBI’ probe<\/a><\/p>\n

Olympus fraud probe decision could take ‘weeks’<\/a><\/p>\n

Troubled Olympus wins best camera award<\/a><\/p>\n

Picture (below): Olympus president Shuichi Takayama who last night admitted that Olympus has hidden losses since the 1990s. Takayama, 51, replaced former president Tsuyoshi Kikukawa who quit last month in response to ‘widespread concerns’ raised by shareholders amid the deepening financial scandal<\/em><\/p>\n

\"Takayama\"<\/img><\/p>\n","protected":false},"excerpt":{"rendered":"

Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.<\/p>\n","protected":false},"author":324,"featured_media":14903,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-14902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nPlot thickens as Olympus fires vice president - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plot thickens as Olympus fires vice president\" \/>\n<meta property=\"og:description\" content=\"Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/\" \/>\n<meta property=\"og:site_name\" content=\"Amateur Photographer\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Amateur.photographer.magazine\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-08T08:39:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-09-02T14:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"185\" \/>\n\t<meta property=\"og:image:height\" content=\"110\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Megan Graye\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:site\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Megan Graye\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/\"},\"author\":{\"name\":\"Megan Graye\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1\"},\"headline\":\"Plot thickens as Olympus fires vice president\",\"datePublished\":\"2011-11-08T08:39:00+00:00\",\"dateModified\":\"2014-09-02T14:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/\"},\"wordCount\":365,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg\",\"articleSection\":[\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/\",\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/\",\"name\":\"Plot thickens as Olympus fires vice president - Amateur Photographer\",\"isPartOf\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg\",\"datePublished\":\"2011-11-08T08:39:00+00:00\",\"dateModified\":\"2014-09-02T14:00:06+00:00\",\"author\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1\"},\"description\":\"Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.\",\"breadcrumb\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage\",\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg\",\"contentUrl\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg\",\"width\":185,\"height\":110},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/other.kelsey.host\/amateurphotographer\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Latest\",\"item\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Latest news\",\"item\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Plot thickens as Olympus fires vice president\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#website\",\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/\",\"name\":\"Amateur Photographer\",\"description\":\"The world's number 1 weekly photo magazine\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/other.kelsey.host\/amateurphotographer\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1\",\"name\":\"Megan Graye\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0b95161d530e5765e0f73ca7fe2460cf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0b95161d530e5765e0f73ca7fe2460cf?s=96&d=mm&r=g\",\"caption\":\"Megan Graye\"},\"description\":\"Megan Graye is a freelance journalist and content producer. On top of having written for publications such as The Independent, The V&A and Cosmopolitan, she has also founded her own non-profit organisation - VOCAL GIRLS - which promotes artists of marginalised genders in music.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/megan-graye-9a7791152\/\"],\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/author\/mgraye\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Plot thickens as Olympus fires vice president - Amateur Photographer","description":"Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/","og_locale":"en_US","og_type":"article","og_title":"Plot thickens as Olympus fires vice president","og_description":"Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.","og_url":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/","og_site_name":"Amateur Photographer","article_publisher":"http:\/\/www.facebook.com\/Amateur.photographer.magazine","article_published_time":"2011-11-08T08:39:00+00:00","article_modified_time":"2014-09-02T14:00:06+00:00","og_image":[{"width":185,"height":110,"url":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg","type":"image\/jpeg"}],"author":"Megan Graye","twitter_card":"summary_large_image","twitter_creator":"@AP_Magazine","twitter_site":"@AP_Magazine","twitter_misc":{"Written by":"Megan Graye","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#article","isPartOf":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/"},"author":{"name":"Megan Graye","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1"},"headline":"Plot thickens as Olympus fires vice president","datePublished":"2011-11-08T08:39:00+00:00","dateModified":"2014-09-02T14:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/"},"wordCount":365,"commentCount":0,"image":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage"},"thumbnailUrl":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg","articleSection":["Latest news"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/","url":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/","name":"Plot thickens as Olympus fires vice president - Amateur Photographer","isPartOf":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/#website"},"primaryImageOfPage":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage"},"image":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage"},"thumbnailUrl":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg","datePublished":"2011-11-08T08:39:00+00:00","dateModified":"2014-09-02T14:00:06+00:00","author":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1"},"description":"Scandal-hit Olympus has sacked its vice president Hisashi Mori after a third-party probe uncovered a money trail of financial irregularities dating back to the 1990s.","breadcrumb":{"@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#primaryimage","url":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg","contentUrl":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg","width":185,"height":110},{"@type":"BreadcrumbList","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/plot-thickens-as-olympus-fires-vice-president\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/other.kelsey.host\/amateurphotographer\/"},{"@type":"ListItem","position":2,"name":"Latest","item":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/"},{"@type":"ListItem","position":3,"name":"Latest news","item":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/"},{"@type":"ListItem","position":4,"name":"Plot thickens as Olympus fires vice president"}]},{"@type":"WebSite","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/#website","url":"https:\/\/other.kelsey.host\/amateurphotographer\/","name":"Amateur Photographer","description":"The world's number 1 weekly photo magazine","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/other.kelsey.host\/amateurphotographer\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1","name":"Megan Graye","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0b95161d530e5765e0f73ca7fe2460cf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0b95161d530e5765e0f73ca7fe2460cf?s=96&d=mm&r=g","caption":"Megan Graye"},"description":"Megan Graye is a freelance journalist and content producer. On top of having written for publications such as The Independent, The V&A and Cosmopolitan, she has also founded her own non-profit organisation - VOCAL GIRLS - which promotes artists of marginalised genders in music.","sameAs":["https:\/\/www.linkedin.com\/in\/megan-graye-9a7791152\/"],"url":"https:\/\/other.kelsey.host\/amateurphotographer\/author\/mgraye\/"}]}},"acf":[],"jetpack_featured_media_url":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/11\/nr110630ep3e_03.jpg","jetpack_sharing_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-05-02 16:50:37","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/posts\/14902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/users\/324"}],"replies":[{"embeddable":true,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/comments?post=14902"}],"version-history":[{"count":1,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/posts\/14902\/revisions"}],"predecessor-version":[{"id":14906,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/posts\/14902\/revisions\/14906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/media\/14903"}],"wp:attachment":[{"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/media?parent=14902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/categories?post=14902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/tags?post=14902"},{"taxonomy":"product-category","embeddable":true,"href":"https:\/\/other.kelsey.host\/amateurphotographer\/wp-json\/wp\/v2\/product-category?post=14902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}