{"id":15111,"date":"2011-10-18T11:02:00","date_gmt":"2011-10-18T10:02:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/olympus-chairman-denies-excessive-payments-update-5-35pm-15111"},"modified":"2014-09-02T15:03:20","modified_gmt":"2014-09-02T14:03:20","slug":"olympus-chairman-denies-excessive-payments-update-5-35pm","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-chairman-denies-excessive-payments-update-5-35pm\/","title":{"rendered":"Olympus chairman denies ‘excessive payments’ (update 5.35pm)"},"content":{"rendered":"

PICTURE BELOW: Woodford with Olympus chairman Tsuyoshi Kikukawa, as pictured in the company’s annual report earlier this year, published on the company’s website<\/em><\/p>\n

\"Woodford<\/img>\"Woodford<\/img>Olympus chairman Tsuyoshi Kikukawa has tonight denied that the firm paid financial advisers excessive commission in relation to its takeover of a UK firm in 2008.<\/strong><\/p>\n

Kikukawa (pictured above with Woodford in the firm’s annual report) made the comments in an interview with Japanese newspaper the Nikkei<\/a>.<\/p>\n

Earlier today the Serious Fraud Office (SFO) confirmed to Amateur Photographer<\/em> (AP) that it yesterday received a visit from the ousted CEO of Olympus, Michael Woodford.<\/p>\n

And British-born Woodford has been speaking for the first time about how fellow Olympus board members ordered him to leave his Tokyo flat and get a bus to the airport, within minutes of his sacking last Friday.<\/p>\n

Olympus has blamed Woodford?s departure on a clash of management styles and has denied any wrongdoing in the wake of the drama which saw Olympus shares plummet 42%.<\/p>\n

Woodford claims he was fired for questioning payments worth nearly $700m that the firm allegedly made to advisers relating to its acquisition of British medical equipment company, Gyrus, in 2008.<\/p>\n

Yesterday, Woodford – who only became the CEO a fortnight ago – told Channel 4 News<\/a> that 10 minutes after the board meeting in which he was fired, a member of staff asked him to return his company credit card.<\/p>\n

Woodford was ordered to leave his Tokyo flat that night, he said in an interview with Channel 4’s Jon Snow. <\/p>\n

He claimed staff told him: ?Your driver won?t take you to the airport, you can take the limousine bus.’<\/p>\n

Woodford said he has delivered an independent report to the Serious Fraud Office which, he claims, supports his misgivings about the firm.<\/p>\n

Speaking today, an SFO spokesperson told AP: ?I can confirm that Michael Woodford attended the SFO yesterday (17 October). At this time I can make no further comment.?<\/p>\n

Responding to reports that Olympus plans to sue Woodford, the former CEO said: ?If they would like to come to London’s High Court and go through this I?d be more than delighted, I?d relish it.?<\/p>\n

Woodford remains a director of the firm, according to the company website.<\/p>\n

Olympus UK and Olympus Europe have so far declined to comment.<\/p>\n

A spokesman for Olympus in Tokyo could not be reached for comment at the time of writing.<\/p>\n

To watch Channel 4?s interview with Woodford click HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Olympus chairman Tsuyoshi Kikukawa has tonight denied that the firm paid financial advisers excessive commission in relation to its takeover of a UK firm in 2008.<\/p>\n","protected":false},"author":324,"featured_media":15112,"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-15111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nOlympus chairman denies 'excessive payments' (update 5.35pm) - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"Olympus chairman Tsuyoshi Kikukawa has tonight denied that the firm paid financial advisers excessive commission in relation to its takeover of a UK firm in 2008.\" \/>\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\/olympus-chairman-denies-excessive-payments-update-5-35pm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Olympus chairman denies 'excessive payments' (update 5.35pm)\" \/>\n<meta property=\"og:description\" content=\"Olympus chairman Tsuyoshi Kikukawa has tonight denied that the firm paid financial advisers excessive commission in relation to its takeover of a UK firm in 2008.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-chairman-denies-excessive-payments-update-5-35pm\/\" \/>\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=\"2011-10-18T10:02:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-09-02T14:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/10\/Olympus_E_PL2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"127\" \/>\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\/olympus-chairman-denies-excessive-payments-update-5-35pm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-chairman-denies-excessive-payments-update-5-35pm\/\"},\"author\":{\"name\":\"Megan Graye\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1\"},\"headline\":\"Olympus chairman denies ‘excessive payments’ (update 5.35pm)\",\"datePublished\":\"2011-10-18T10:02:00+00:00\",\"dateModified\":\"2014-09-02T14:03:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-chairman-denies-excessive-payments-update-5-35pm\/\"},\"wordCount\":413,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-chairman-denies-excessive-payments-update-5-35pm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2011\/10\/Olympus_E_PL2.jpg\",\"articleSection\":[\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-chairman-denies-excessive-payments-update-5-35pm\/\",\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-chairman-denies-excessive-payments-update-5-35pm\/\",\"name\":\"Olympus chairman denies 'excessive payments' (update 5.35pm) - 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