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FRA act as the economic adviser on the Olympus scandal

February 2017

FRA act as the economic adviser on the Olympus scandal

The Olympus corporate corruption scandal that concealed more than 117.7 billion yen ($1.5 billion) was one of the biggest loss-concealing financial scandals in the history of corporate Japan. It wiped 75-80% off the company’s stock market valuation; led to investigations across Japan, the UK and the US and saw the arrest of 11 past of present directors, senior managers, auditors bankers of Olympus for alleged criminal activities or cover-up. FRA’s part in this settlement was acting as the economic adviser to clients of Deminor Recovery Services in their legal action against Olympus Corporation.

Who We Are

Stewart Coombs

Associate Director

Stewart Coombs is an Associate Director in FRA’s eDiscovery team. He has twenty years of experience providing software solutions in a variety of industry sectors, five years of which are in forensic accounting and eDiscovery. Stewart’s recent experience includes backend […]

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