Yahoo Finance Olympus Executive Found Dead In New Dehli
A senior executive of the scandal-hit technology firm Olympus (Xetra: 856840 - news) has been found dead in a children's park outside his flat near New Delhi after apparently taking his own life.
Tsutomi Omori, the managing director of Olympus Medical Systems in India, was found hanging from iron railings within his luxury apartment complex in Delhi's satellite city of Gurgaon.
According to Indian newspaper reports, the 49-year-old was found by a gardener late on February 19,
Two suicide notes were found but there was apparently no suggestion of a link to the massive financial scandal that has engulfed Olympus.
One of the notes said "I am sorry for bothering you". The second note was addressed to his family.
A police officer said: "He lived alone and he left two suicide notes written in Japanese, which we have handed over to the Japan (EUREX: FMJP.EX - news) embassy".
Several former executives at camera giant Olympus have been arrested over their suspected role in a £1.1bn accounting fraud at the company.
The firm's ex-president, vice president and auditor were among those detained earlier this month.
The accounting fraud, one of Japan's biggest corporate scandals, came to light in October when former Olympus CEO Michael Woodford blew the whistle.
It was later revealed a number of executives had kept the fraud going for 13 years to keep investment losses off Olympus's books.
Tsuyoshi Kikukawa, who stepped down as chairman in October, was taken into police custody along with the company's former executive vice president, Hisashi Mori, and former auditor, Hideo Yamada.
Tokyo authorities have also arrested ex-Nomura bankers Akio Nakagawa and Nobumasa Yokoo and two other individuals suspected of being involved in the fraud.
The seven men are alleged to have covered up huge investment losses made through complex mergers and acquisitions deals.
In February Olympus predicted a full-year loss of £262m, which was largely attributable to its beleaguered camera business. Its (Euronext: ALITS.NX - news) core endoscope operation appears unaffected by the scandal.
