In an affair that has shone a harsh light on Japanese corporate governance, the camera maker had defended the

payments including a nearly $700m advisory fee paid in a 2008 acquisition in the UK since they were revealed more than three weeks ago by Michael Woodford, then chief executive.

The Tokyo Stock Exchange said Olympus risked being put on supervisory watch for a possible delisting if it turned out to have falsified earnings reports.

http://www.ft.com/intl/cms/s/2/8745be6a-09af-11e1-a2bb-00144feabdc0.html#axzz2jP5xVjfi
Japanese camera and medical equipment maker Olympus and its UK subsidiary Gyrus Group will be prosecuted by the UK's Serious Fraud Office. They have been charged with providing "misleading, false or deceptive" material in accounts for Gyrus Group. Olympus's acquisition of Gyrus was one of the deals called into question as a $1.7bn (1.1bn) accounting scandal at the Japanese firm unfolded in 2011.

Earlier this year, a Japanese court ordered Olympus to pay 700m yen ($7m; 4.5m) in fines.

http://www.bbc.co.uk/news/business-23955003