Ex-banker arrested in U.S. over Olympus fraud

A former Singapore banker has been arrested in Los Angeles and accused of helping “liquidate” hundreds of millions of dollars in the Olympus Corp accounting scandal, one of the biggest corporate frauds in Japan’s history.

Chan Ming Fon, who lives in Singapore and is a citizen of Taiwan, is the latest former executive to become ensnared in the US$1.7 billion accounting cover-up at the camera and medical equipment-maker.

via Business feed http://www.scmp.com/business/companies/article/1109767/ex-banker-arrested-us-over-olympus-fraud