Bloomberg News

Baillie ‘Extremely Concerned’ by Olympus Management Changes

October 21, 2011

Oct. 21 (Bloomberg) -- Baillie Gifford & Co. said it was “extremely concerned” by unexpected management changes and “allegations of financial impropriety” at Olympus Corp., according to an e-mailed statement today.

The Edinburgh-based investment management group invests in Olympus Corp on behalf of some of its clients.

To contact the reporter on this story: Andrew Rummer in London at

To contact the editor responsible for this story: Tuhin Kar at

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