Gyrus Group Ltd and Olympus Corporation (Cymraeg)

Criminal proceedings by the Serious Fraud Office have commenced against two companies by written charge.

Gyrus Group Ltd, a UK subsidiary of Olympus Corporation, and Olympus Corporation have been charged with offences of making a statement to an auditor which was misleading.

The alleged offences are said to have taken place between April 2010 and March 2011 and are connected to a global fraud for which Olympus Corporation has been prosecuted in Japan.

This case was accepted by the SFO for investigation on 9 November 2011 after referral by the former CEO of Olympus, Michael Woodford.