UrlaLaTerra

CEO Woodford sees more revelations

TOKYO/LONDON (Reuters) Official investigations into a canada goose coats on sale massive fraud at Japan buy canada goose jacket cheap Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the uk canada goose outlet firm former chief executive, Michael Woodford, who blew the whistle on the affair.

Former Olympus CEO Michael Woodford buy canada goose jacket speaks to a reporter canada goose clearance sale from inside canada goose a van as he leaves a news conference at the Japan National Press Club in canada goose uk shop Tokyo January 6, 2012. REUTERS/Issei Kato

The maker of cameras and medical equipment is trying to put the $1.7 Canada Goose online billion (1.0 billion pounds) scandal behind it, having wrapped uk canada goose up its own third party investigation late last year. It is seeking out investment partners and looking to vote in a new Canada Goose Jackets board in April.

However, law enforcement agencies in Japan, Britain and the Canada Goose Online United States are still investigating the fraud at the multinational which, according to the third party probe, was used to hide investment losses from investors for 13 years.

into the scandal are ongoing on three continents and, therefore, we are still not in a position to know the full extent of what took place, Woodford said in Canada Goose UK Canada Goose Outlet an email to Reuters, after Olympus announced on Sunday that it would hold an extraordinary shareholder meeting on April 20.

before April extraordinary general meeting, I believe it is highly likely there will be further revelations and all interested parties should continue to canada goose clearance closely scrutinise events, he added, without elaborating. Federal Bureau of Investigation, Britain Serious Fraud Office and https://www.salecanadagooseoutlets.com/ Japanese law enforcement and regulatory agencies have Canada Goose Parka all spoken to Woodford since the scandal broke, but have yet to announce any findings.

The April shareholder meeting is likely to be a lively encounter, with Woodford revealing canada goose black friday sale in the canada goose coats email that he would attend, and urging Olympus to hire a larger venue than normal.

am monitoring events at Olympus extremely closely, he said, noting Canada Goose sale the company efforts to find a strategic investor and also raising the question as to how many of the existing board would quit and who would replace them.

have strong opinions on both these issues as I sure do many thousands of other Olympus shareholders, he added.

will be the first formal opportunity for all of the company shareholders to question and hold its management to account.

Woodford had cheap canada goose uk ignited the scandal canada goose factory sale in October, after he was sacked for canada goose uk black friday asking questions internally about Olympus dubious accounting and about some highly unusual canada goose store acquisition payments, which were later revealed to canada goose uk outlet have been part of the fraud.

Olympus is counting on the April meeting to be a turning point in the scandal, with at least six of its 11 member board, including company president Shuichi Takayama, set to resign and be replaced by shareholder vote.

Woodford has demanded the entire board go, though he recently gave up on his own campaign to be reinstated as Olympus chief, thwarted by the firm major Japanese shareholders.

Olympus needs fresh capital to repair its balance sheet after recently setting its books straight, with Fujifilm cheap Canada Goose Holdings, Sony Corp and Panasonic speculated to be among potential investment canadian goose jacket partners.

Takayama said on January 18 that his company had not been in specific talks Canada Goose Coats On Sale with any of those firms and that Olympus would wait until after April management overhaul to bring in a potential strategic partner.