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1.7 Billion Dollar Fraud: Full Exposure ()

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In October 2011, Olympus Corporation, a multi-billion dollar Japanese optical company, dismissed its president and CEO, British-born Michael Woodford, over cultural differences in management style. Japanese media dutifully reported the dismissal with minimum coverage, another foreign CEO failing to adapt to the Japanese way. But international media reported a brewing scandal where Japanese board members of the company unanimously voted to dismiss Woodford for blowing the whistle on a 1.7 billion dollar fraud that the 93-year-old Japanese company had kept secret for more than two decades.

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Enron scandal Wikipedia The Enron scandal publicized in October 2001 eventually led to the bankruptcy of the Enron Corporation an American energy company based in Houston Texas and the de facto dissolution of Arthur Andersen which was one of the five largest audit and accountancy partnerships in the world In addition to being the largest bankruptcy reorganization in American history at that time Enron was Olympus scandal Wikipedia Background Olympus Corporation a major Japanese manufacturer of optical imaging laboratory and medical equipment listed on the Tokyo Stock Exchange had according to its accounts for the year ended 31 March 2011 consolidated net sales of ¥8471 billion US106 billion in the year and total shareholders equity of ¥2625 billion US33 billion ‘SBI’s exposure in PNB fraud is 212 million’ The Hindu State Bank of India SBI has an exposure of 212 million linked to the fraud perpetrated at Punjab National Bank PNB SBI Chairman Rajnish Kumar said adding that the exposure was mainly to PNB Wires 4 Hours Ago Spot gold rose 03 percent to 133143 per ounce at 0348 GMT The offshore yuan strengthened 02 percent to 6685 yuan against the dollar after hitting its highest level since mid Microsoft 2016 Annual Report Reflects the impact of the net revenue deferral from Windows 10 of 66 billion which decreased operating income net income and diluted earnings per share “EPS” by 66 billion 46 billion and 058 respectively Truth About Lloyds 7 Jan 97 Daily Telegraph Such gall Sir As one of those financially ruined by Lloyds may I heartily endorse Mero Tetbys letter Jan 3 What is even worse than David Rowlands ludicrous knighthood is that he had the temerity insensitivity and appalling bad taste to accept it7 Jan 97 Technology and Science News ABC News Get the latest science news and technology news read tech reviews and more at ABC News GAO High Risk National Flood Insurance Program The National Flood Insurance Program NFIP is a key component of the federal government’s efforts to limit the damage and financial effect of floods However it likely will not generate sufficient revenues to repay the billions of dollars borrowed from the Department of the Treasury Treasury to cover claims from the 2005 and 2012 hurricanes or potential claims related to future IAB Interactive Advertising Bureau IAB empowers the media and marketing industries to thrive in the digital economy Welcome to Forbes Thought Of The Day ADVERTISEMENT