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| Olympus investigation panel finds 'rotten' management | |
| (40 minutes later) | |
| A panel appointed by the board of scandal-hit Olympus has said the "core part of management was rotten", but has found no link to organised crime. | |
| The third-party investigation found that the company had concealed business and investment losses of 117.7bn yen ($1.5bn; £969.8m). | The third-party investigation found that the company had concealed business and investment losses of 117.7bn yen ($1.5bn; £969.8m). |
| The total cost of the losses rose to as much as $1.7bn due to fees paid to various people as part of the cover-up. | The total cost of the losses rose to as much as $1.7bn due to fees paid to various people as part of the cover-up. |
| The panel is urging legal action against those involved in the cover-up. | |
| After the report was released, trading in Olympus shares was halted in Tokyo. | After the report was released, trading in Olympus shares was halted in Tokyo. |
| The Tokyo Stock Exchange says it is assessing the report and may consider delisting Olympus. | The Tokyo Stock Exchange says it is assessing the report and may consider delisting Olympus. |
| The exchange has already warned that the company may be delisted if it fails to file its accounts report by 14 December. | The exchange has already warned that the company may be delisted if it fails to file its accounts report by 14 December. |