Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Olympus arrests welcomed by sacked ex-boss Woodford

Thursday, February 16, 2012 - 01:53

Feb. 16 - Former Olympus chief executive Michael Woodford says he has been vindicated by the arrests of seven men, including the former company president and ex-bankers over their alleged role in a $1.7 billion accounting fraud. Rough Cut (no reporter narration).

▲ Hide Transcript

View Transcript

Today does demonstrate that there is a seriousness in Japan to investigate what has happened. There are still many. Important issues which are not covered by today's announcements. Just leave them banks these are huge amounts of money. And we need to on this end to what extent the banks were involved and it's an indication. It is justice. And I'm encouraged developed by that and I feel very positive. Nevertheless there -- still a lot of questions and many of my age contacts in Japan and many of the media context. Say this now is a nice tidy finish on this too many questions unanswered you don't want to tidy finish. We want to know everything. At every party which -- being invoked so we've come a long way but I don't think we're at a point where we are closure. There I guess -- paid if they didn't respond to the communications. Well they knew by the way. So I live this cannot happen. And that Japan comes out and initiate contact from the Tokyo Stock Exchange they can't have people who received six Lexus explicitly warning -- of the dangers. From the 23 of September right up until. The Thursday the thirteenth when they receive the last -- that those people mustn't stay in office in any Japanese. Companies of any kind in this -- to into the coal culture. You know that continues hate these despicable. -- her own and shameful. To open. Tomorrow night mail sent to my home in Japan -- -- -- to Japan in particular and anyone involved in Japan. Transparency. And openness is the most important thing. In ensuring this tale. I don't its tentacles. Is Kurdish enclave in the right way.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Olympus arrests welcomed by sacked ex-boss Woodford

Thursday, February 16, 2012 - 01:53