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In times of financial downturn and diminishing returns, complicated corporate frauds that were previously hidden by the previous successful expansion of a business often emerge
At the first hearing in the criminal prosecution trial of three former Olympus executives (former Chairman Tsuyoshi Kikukawa, former Executive Vice President Hisashi Mori and ex-auditing officer Hideo Yamada) and Olympus Corporation itself, all three defendants and the company pleaded guilty to all counts in the indictment
