A former Olympus Corp. chairman and two other executives received suspended sentences Wednesday for their role in helping to cover up $1.7 billion in losses at the Japanese camera and medical equipment maker.
Tokyo District Court Judge Hiroaki Saito sentenced former chairman Tsuyoshi Kikukawa and former auditor Hideo Yamada to three years in prison but suspended the sentences for five years. Former executive vice president Hisashi Mori received two and a half years, although that sentence was suspended for four years. The judge also fined the company $7 million.
