Olympus, a major precision equipment manufacturer, requested damages from six trust banks in the fraudulent accounts performed by former management teams We announced that it was reconciled by paying 19 billion yen at the trial that was.
In this case, six lines of trust banks such as "Mitsubishi UFJ Trust Bank" and "The Master Trust Bank of Japan" etc, which the former management team of "Olympus" did, It is said that Olympus was seeking compensation of more than 27.9 billion yen for damages as it suffered a lot of damage due to the fall of the company.
According to the announcement, the Olympus side paid a total of about 19 billion yen to 6 trust banks this time that the settlement was approved on the 31st.
Olympus said that "it is best to resolve early by settlement is the best policy," and that expenses expended as a settlement will be accounted for in this fiscal year's settlement.