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| Olympus shares have lost three-quarters of their value since 14 October |
A panel
appointed by the board of scandal-hit Olympus says it has found evidence of a
cover-up at the Japanese camera maker.
The
third-party investigation found that the company had concealed business and
investment losses of 117.7bn yen ($1.5bn; £969.8m).
The total
cost of the losses rose to as much as $1.7bn due to fees paid to various people
as part of the cover-up.
After the
report was released, trading in Olympus shares was halted in Tokyo.
The Tokyo
Stock Exchange says it is assessing the report and may consider delisting
Olympus.
The
exchange has already warned that the company may be delisted if it fails to
file its accounts report by 14 December.
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