News Headlines - 17 October 2011

▽Ousted C.E.O. of Olympus Says Company Committed Fraud - New York Times
The British executive who was publicly pilloried as a bad manager when the Japanese company Olympus fired him on Friday, struck back on Monday, saying he was forced out because he was about to expose potential financial fraud at the company.

▽Olympus tensions rise on threat of legal action - Financial Times
“I went to the SFO and gave them all the correspondence and the PriceWaterhouse report, because if you make payments which are just so huge ... there’s no answer, and when you try to seek an answer, that’s when concerns arise of more sinister issues,” Mr Woodford told the Financial Times.

▽Ex-Olympus President Woodford Would Be ‘Delighted’ to Be Sued - BusinessWeek
Former Olympus Corp. President Michael C. Woodford said he would be “delighted” to be sued by the company, which fired him this month and whose executive vice president, Hisashi Mori, said is considering legal action against him for leaking information to the press.

▽Liam Fox broke ministerial code, official report to say - BBC
Former Defence Secretary Liam Fox broke the ministerial code in his dealings with his friend Adam Werritty, an official report is expected to say.

▽ALL Hillsborough papers will be released so that families can learn truth about tragedy, promises May - Daily Mail
Theresa May yesterday pledged to release every government document relating to the Hillsborough disaster to help victims' families get to the truth about the tragedy.
She spoke during an emotional Commons debate, which was called after almost 140,000 signed a petition calling for full public disclosure, 22 years after 96 Liverpool fans died in the tragedy.







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