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Olympus hid up to $1.7b in losses
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The following comments relate to this news article:

Olympus hid up to $1.7b in losses

article published on 5 December, 2011

The disgraced Japanese camera company Olympus may have hid up to $1.7 billion in losses through fraudulent accounting. Sources close to the panel investigating the fraud say Olympus, at its peak, hid losses of 130 billion yen, equal to $1.7 billion USD. Although there was rumors of Yakuza ties, the panel has not found sufficient proof. In an effort to hide losses from poor investments ... [ read the full article ]

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hearme0
Senior Member
_ 		5. December 2011 @ 15:51 _ Link to this message    Send private message to this user   
130 billion Yen??????

The Japanese really should consider revamping their currency naming to the "Yuck". 4 Yen = 1 Yuck

That way it's only 32 billion Yucks rather than a 130 billion Yen.
[ + quote]
Notcow
Member
_ 		5. December 2011 @ 16:09 _ Link to this message    Send private message to this user   
Originally posted by hearme0:
 130 billion Yen??????

The Japanese really should consider revamping their currency naming to the "Yuck". 4 Yen = 1 Yuck

That way it's only 32 billion Yucks rather than a 130 billion Yen.
Someone doesn't like Japan. The Yen is a very strong currency...it would be more fair to compare it to cents.
[ + quote]
hearme0
Senior Member
_ 		5. December 2011 @ 17:10 _ Link to this message    Send private message to this user   
Originally posted by Notcow:
Originally posted by hearme0:
 130 billion Yen??????

The Japanese really should consider revamping their currency naming to the "Yuck". 4 Yen = 1 Yuck

That way it's only 32 billion Yucks rather than a 130 billion Yen.
Someone doesn't like Japan. The Yen is a very strong currency...it would be more fair to compare it to cents.
I love Japan and the Japanese. You completely misinterpreted my statement which was basically in jest. Also read into it wayyyy too deep as I didn't mention, hint or elude to the strength of their currency.
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Mysttic
Senior Member
_ 		5. December 2011 @ 19:46 _ Link to this message    Send private message to this user   
Either or shame for Olympus as they make very good quality cameras. May cost my left tit to get one, but well worth it, last a long time.
[ + quote]
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