Olympus shares on Tuesday plunged 29 per cent by their daily limit to their lowest level since 1995, with around 70 per cent now wiped from the company’s share value since October 13, the day before Woodford’s ouster.
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Olympus said the committee discovered that investment losses made in the 1990s – which had been kept off the books – were then cancelled out through controversial advisory fees paid in the acquisition of Gyrus Group PLC and expensive purchases of three small Japanese firms.
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Olympus said the committee discovered that investment losses made in the 1990s – which had been kept off the books – were then cancelled out through controversial advisory fees paid in the acquisition of Gyrus Group PLC and expensive purchases of three small Japanese firms.
...not good news for Olympus. 
