Scandal-hit Olympus May Recovered Without Any Help

Posted on Apr 3 2012 - 9:33am by Editorial Staff

The scandal-hit Japanese Olympus still somewhere in the middle to recovered from the huge accounting scandal but there is still something good to happen with the company as it is hoping to be on the recovery mode without bringing in any new investors. The maker of medical equipment and cameras has been badly weakened by the $1.7 billion fraud, one of Japan’s biggest and worst corporate scandal of the time.

The scandal is so havoc for the company putting the organization under pressure to raise fresh equity to put its finances on a more stable footing. Hiroyuki Sasa confirmed reports that Sony and direct rivals Fujifilm and Terumo were among potential partners willing to invest equity in Olympus. “Strengthening capital through our own efforts is among the options … though we are considering all options,” he said.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.