<p>TOKYO British authorities plan to prosecute Olympus, the Japanese manufacturer that was embroiled in a $1.7 billion accounting fraud two years ago, reviving a scandal after a Japanese court imposed modest fines and suspended sentences on several executives. Kyodo News, via Associated Press</p><p>Tsuyoshi Kikukawa, former president of Olympus, and two other executives were given suspended sentences in the scandal.</p><p>Olympus, along with its British unit, Gyrus, a medical equipment company, will be prosecuted by Britain's Serious Fraud Office on charges of falsifying financial statements in 2009 and 2010 in a breach of Britain's Companies Act, the company said in a statement Wednesday.</p><p>Olympus, which is based in Tokyo, admitted in late 2011 that it had operated a long-running scheme to cover up $1.7 billion in losses after its newly installed chief executive, Michael C. Woodford, uncovered irregular accounting practices at the company.</p><p><a href="http://www.nytimes.com/2013/09/05/business/global/britain-to-prosecute-japans-olympus-for-fraud.html">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.reuters.com/article/2013/09/04/us-olympus-fraud-idUSBRE98305420130904">British fraud agency to prosecute Olympus over accounting scandal</a> (Reuters)</p><p><a href="http://money.cnn.com/2013/09/04/news/companies/olympus-uk-prosecution/">UK prosecutes Olympus for fraud</a> (CNNMoney)</p><p><a href="http://www.chicagotribune.com/business/sns-rt-us-olympus-fraud-20130903,0,1065952.story">British prosecutor charges Japan's Olympus over accounting scandal</a> (Chicago Tribune)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=d3KtI0WZCy7A5CM2O1RLNAlWOgBjM&ned=us">54 additional articles.</a></p>
