Home > Uncategorized > Olympus. Who would have been an auditor…

Olympus. Who would have been an auditor…

http://www.nytimes.com/2011/11/18/business/global/japanese-police-investigate-olympus.html?_r=1&pagewante=2d

Not me. It would appear that Olympus had some rather unfortunate friends and the full extent of this is now seemingly on the verge of being blown out into the open.

A fine article linked above and some of the practices described (I do mean financial..) are eye popping.

The big question of course is whether Olympus is the only major Japanese conglomerate engaged in these dubious long term associations and practices? I suspect not.

And any credit manager with exposure in the land of the rising sun may just be feeling a little nervous about some of his firms risk

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