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Olympus sues executives for fraud, after report

Olympus has confirmed to the BBC that it is suing more than 10 current and former executives after a USD1.7 billion accounting cover-up at the firm.

It comes after an independent panel report looking into management involvement in the fraud.

The lawsuit, filed on 8 January, seeks up to JPY3.6b (USD46.8m) in damages.

(Source: BBC News)