Former Olympus president Tsuyoshi Kikukawa has admitted guilt over a cover-up scandal of massive investment losses at the top Japanese camera and medical equipment company.
The scandal emerged last year when Michael Woodford, the British chief executive who turned whistleblower, raised questions about payments for financial advice and dubious acquisitions. Mr Woodford was then sacked.
Tokyo prosecutors have charged the company, Kikukawa and other officials, arrested in February, with breaking laws regulating securities exchanges by falsifying company financial statements.
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