Michael Woodford, the former Olympus president who was fired after he asked the board of directors to review payments made as part of acquisitions, was asked to a second interview by U.S. investigators. This time, the interview will include the Securities and Exchange Commission.
Woodford publicly questioned the $687 million in advisory fees the company paid in a $2 billion acquisition of Gyrus Group Plc in 2008. During his first meeting with investigators, the whistleblower turned over documents including a PriceWaterhouseCooper report. An anonymous source told Bloomberg the interviews involve a federal probe into the accounting irregularities at a Japanese company.