Olympus admits hiding losses for 20 years

[Steaphany]

A heads up for Olympus fans:

Ryosuke Okazaki, chief investment officer at ITC Investment Partners. "There is a serious danger that Olympus shares will be delisted. The future of the company is extremely dark."

(Reuters) - Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

[The Wirefox]

I say this on another forum at lunchtime. I don't know we try to do everything above board and legit but these big corporations seem to think they can get away with whatever. The economic climate is a bit chilly for having their financial boxers dragged round their ankles though. I watch with interest.