In what is becoming a major scandal for Oympus - the company confirmed it paid over $600m in advisory fees for an $2bn acquisition to an unknown advisor registered in a tax haven
The foreign CEO has been fired after asking the Board to step down for sanctioning the deal; and there have been threats of legal action
Olympus's share price has fallen 44% since the scandal broke
http://old.news.yahoo.com/s/ap/20111019/ap_on_bi_ge/as_japan_olympus
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