Japan market watchdog recommends $2.5 million fine for Olympus

TOKYO (Reuters) – Japan’s market watchdog on Friday recommended the Financial Services Agency (FSA) fine Olympus Corp about 200 million yen ($2.5 million) for false accounting in one of the country’s biggest corporate scandals. The recommendation, made by the Securities Exchange and Surveillance Commission (SESC), was expected as part of legal procedures and comes after prosecutors last month charged the company and six key figures in the $1.7 billion accounting fraud. …