Olympus's Billion-Dollar Secrets: The Unveiling of Hidden Losses

2. The Unraveling of Olympus’s Financial Misconduct

The Unraveling of Olympus’s Financial Misconduct. Photo Credit: petapixel @Capz

In 2011, Michael Woodford, who had just become CEO of Olympus, exposed suspicious transactions that hinted at a massive accounting fraud. His revelations triggered an investigation that uncovered hidden losses exceeding a billion dollars. In this section, we’ll dive into the events leading up to Woodford’s discovery, the suspicious financial moves, and the investigation that followed.

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