Rob Galbraith: Reuters: Accusations of financial impropriety drive Olympus shares dow


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RSSNewsRobot

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Sep 27, 2006
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A Reuters article states that shares in Japanese camera and optical firm Olympus plunged 24 percent today after its recently-sacked CEO accused the board of "firing him for probing allegations of improper payments related to acquisitions." The article also notes that Olympus' camera division lost 15 billion yen (about US$195 million at current exchange rates) in its most recent fiscal year, though the company overall is profitable.[TABLE]
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