Prosecutors raid Olympus head office, Kikukawa's home

oh HAPPY DAY!!!

What do they expect to find now at this late date?

although this fraud was much more severe than livedoor's, i doubt if kikukawa will receive more than a suspended sentence. i hope justice will be served in this case, and kikukawa will be sent to prison for a few years in a cell next to horiemon.

too late!

Like a swooping tortoise, the investigators readied themselves with a month or more of meetings to prepare for the inevitable- ringing the door bell. "Gomenasi Sumimasen" J foce, J power, Jack all.

They sure took a long time to do this. They should have done that months ago

Bunch of idiots! I guess now they shud be able to pick up the paperwork in one or two boxes for christs sake!

Meanwhile out back for weeks paper recycling trucks were seen to come & go at all hrs of the day, WTF!

NHK TV said the suburban home of former President Tsuyoshi Kikukawa, suspected of helping to orchestrate the cover-up, was also raided.

At his own leisure, he has already been able to transfer property to other people in an attempt to limit his exposure to financial punishment. Do they really expect to find anything? What do they imagine he has been doing since October for goodness' sake!

Wonder how much notice they gave? Probably a couple of weeks. Well done keystones!

For once I agree with you Hide. This should have been MONTHS ago!

Is it really a raid if you ring the doorbell and wait to be invited in?

A little sit down for tea and crumpets?

It was announced last week that they were going to do a raid. Kind of takes away the whole point of doing it.

All the evidence is GONE!!!

It may seem dumb and slow to us. But it is just another part of the system designed to protect those in power. Why would they change anything that might cause the mighty to suffer... The WHOLE SYSTEM (Business & Government) is corrupt.

tkawasaki

you are of course correct, but it still pisses us all off none the less.........

President Michael Woodford

CEO not president.

smartacusDec. 21, 2011 - 01:22PM JST

What do they expect to find now at this late date?

Nothing, just to help cardboard box manufacturers.

This article should be in the entertainment section,its causing so much humour.

Hide Suzuki - But surely if they'd have done it months ago, they might have found something incriminating? Better to let him know they'll be popping round in a couple of months so he can get rid of anything suspicious.

Olympus is being raided by the Task force of the Tokyo District Public Prosecutors Office, the Tokyo Metropolitan Police Department and the Securities Exchange Surveillance Commission. Feel sorry for the ordinary employees.

The company could still be delisted if the criminal investigation discloses major misbehavior.

So ... 117.7 billion yen is still in debate whether it's considered major?

The news getting hotter...

Elvensilvan - Some Japanese politicians don't get out of bed for more than Y117.7 in brown envelopes!

Do they really expect to find anything?

It's the classic Japanese white-collar perp-walk.

People shamed, problem solved, move along.

In the paper era of the 80s many paper documents may have been destroyed but even files on computers from the 90s (when we all started using them more) can basically be retrieved....including so-called "deleted" files. Don't be fooled as there's really no such thing as a deleted file! It's scary how much can be retrieved by experts if necessary, so I wouldn't be suprised if they find quite a lot of info.

@Serendipitous, they would if they would look. This is the Japanese police. Now, if Kikukawa was a Chinese fishing boat captain...

They will leave with the empty card board boxes they so love to travel with.

The ceremony has been performed. Thus the policework is done.

Anyone who has ever worked in a Japanese office knows that the observance of an ineffective ritual is the same thing as doing your job well.

Three cheers for the boys in blue. Now they can get back to the real villains - white men on bicycles.

Agree with all those who state the obvious -- the evidence isn't sitting out there waiting for the people looking for it, it's gone! That, and I'm sure the company and Kikukawa got the one week in advance courtesy calls.

Kikukawa probably burned the most important evidences and the rest he use it as toilet paper.

I cheer for that him and his two puppets languish in jail.

serendipitous,

you assume they have the hard drives to workon..............they cam be trashed, disappear as well

Oh brother. "We have not found anything" will be the next story. Bunch of fools.

If they had told the cops Kikukawa used to work at Livedoor, they would have raided his house and put him in jail months ago...

The scandal has raised serious questions about corporate governance in Japan, and whether major companies are complying adequately with global standards.

Damn right!!

Wrong guys have to be proseculted to the fullest of law. We will see if Japanese prosecutors have guts to do it. We will see.