According to a Reuters story, Michael Woodford, the former CEO of Olympus Corp who blew the whistle on a $1.7 billion financial fraud, is planning to write a book about his experience uncovering the scandal at the Japanese maker of cameras and medical equipment.
Woodford ignited the scandal in October 2011, after he was sacked for asking questions internally about Olympus’ dubious accounting and about some highly unusual acquisition payments, which were later revealed to have been part of the fraud.
“There are a lot of people in Japan who want to bring about change, and I think it will be welcomed by many people – not everyone,” Woodford told Reuters in an interview. “It illustrates the lack of governance which can exist and the consequences of that.”
To read the full Reuters story: click here.
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