Bloomberg News

U.K. SFO Said to Start Probe of Japan’s Olympus Corp.

November 16, 2011

Nov. 15 (Bloomberg) -- U.K. prosecutors are opening a formal investigation into Olympus Corp. after the company said it hid losses from investors, a person familiar with the probe said.

The U.K.’s Serious Fraud Office, which prosecutes white- collar crime, is working with the U.S. Federal Bureau of Investigation and the Department of Justice, according to the person, who declined to be identified because they weren’t authorized to speak about the case.

To contact the reporter on this story: Lindsay Fortado in London at lfortado@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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