In one bound Olympus escapes

[OldRoy]

http://www.ft.com/cms/s/0/e6f2bcc2-8797-11e5-90de-f44762bf9896.html#axzz3r6yQGyvQ

"The company argued that Olympus and Gyrus did not fall into the categories of “persons” covered under the 2006 Companies Act and so no offence could have been committed by them... The SFO said on Tuesday that it decided to scrap the prosecution after the Court of Appeal ruled in February that English law did not consider a company misleading its auditors to be a crime"

Interesting, isn't it, how consistently laws are constructed is such a way that enormous crimes fail to qualify as frauds: meanwhile some poor jerk who does casual unskilled work whilst claiming benefits is quite sure to be prosecuted if caught (and I'm not suggesting they shouldn't.) No wonder the financial bandits of the world have scrambled to establish operations in London.

"The SFO could not have prosecuted individuals in this case because Japan does not extradite its nationals..."

I will refrain from comment on that other than to say that the Ni** have been known to get away with worse.

[eronald]

http://www.ft.com/cms/s/0/e6f2bcc2-8797-11e5-90de-f44762bf9896.html#axzz3r6yQGyvQ

"The company argued that Olympus and Gyrus did not fall into the categories of “persons” covered under the 2006 Companies Act and so no offence could have been committed by them... The SFO said on Tuesday that it decided to scrap the prosecution after the Court of Appeal ruled in February that English law did not consider a company misleading its auditors to be a crime"

Interesting, isn't it, how consistently laws are constructed is such a way that enormous crimes fail to qualify as frauds: meanwhile some poor jerk who does casual unskilled work whilst claiming benefits is quite sure to be prosecuted if caught (and I'm not suggesting they shouldn't.) No wonder the financial bandits of the world have scrambled to establish operations in London.

"The SFO could not have prosecuted individuals in this case because Japan does not extradite its nationals..."
ve?
I will refrain from comment on that other than to say that the Ni** have been known to get away with worse.

What are you? A communist? A bleeding heart liberal? That is the way the world works. The sheep are allowed just enough fleece so they don't freeze in winter.

Edmund

[AlterEgo]

English law did not consider a company misleading its auditors to be a crime"

neither blair nor bush will pay for a deliberate wmd lies, so who cares about Olympus - at least nobody died there 

[Robert Roaldi]

Too big to fail? 

Ever hear the old expression, "If I owe the bank $10,000, I'm in trouble. If I owe them $10 million, they're in trouble."

Corporate legal teams have been lobbying legislators for a long time, not surprising that they have something to show for it.