21 Dec '12, 7am

Former Singapore banker arrested in U.S. over Olympus fraud

By A. Ananthalakshmi and Erin Geiger Smith SINGAPORE/NEW YORK | Fri Dec 21, 2012 2:16am EST SINGAPORE/NEW YORK (Reuters) - A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions of dollars in an accounting fraud at Olympus Corp (7733.T ), one of the biggest corporate scandals in Japan's history. Chan Ming Fon, a one-time bank vice president, is the latest former executive and the first from outside of Japan to become ensnared in the $1.7 billion accounting cover-up at the camera and medical equipment maker. The company has admitted it used improper accounting to conceal massive investment losses under a scheme that began in the 1990s. Court papers in the United States said Chan was paid $10 million by Olympus or entities controlled by Olympus for his role in the fraud. The case against Chan was filed in a f...

Full article: http://www.reuters.com/article/2012/12/21/us-olympus-arre...

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Ex-banker arrested in U.S. over Olympus fraud: (Reuters) - A former Singapore banker was arrested in Los Angeles...

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news.yahoo.com 21 Dec '12, 3am

SINGAPORE/NEW YORK (Reuters) - A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping "l...

Ex-Singapore Banker Arrested in Olympus Fraud: A former Singapore banker was arrested in Los Angeles and accused...

Ex-Singapore Banker Arrested in Olympus Fraud: ...

cnbc.com 21 Dec '12, 7am

A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions ...

Ex-banker arrested in U.S. over Olympus fraud: ...

reuters.com 21 Dec '12, 3am

By Erin Geiger Smith Thu Dec 20, 2012 10:40pm EST (Reuters) - A former Singapore banker was arrested in Los Angeles on Thu...

Ex-Singapore Banker Fon Arrested in U.S. Over Olympus Fraud

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