Olympus Boss Tsutomi Omori Found Dead In New Dehli

A senior executive of the scandal-hit technology firm Olympus has been found dead in a children's park outside his flat near New Delhi in what appears to be a suicide.

Olympus Boss Found Dead In New Dehli

A senior executive of the scandal-hit technology firm Olympus has been found dead in a children's park outside his flat near New Delhi in what appears to be a suicide.

Tsutomi Omori, 49, 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 Japanese boss of the camera company was found hanging by a gardener late on February 19.

According to the Indian press, suicide notes were found but there was no suggestion of a link to the recent financial scandal that has engulfed Olympus.

One of the notes said "I am sorry for bothering you," and 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 embassy".

Camera giant Olympus has been in the centre of a massive financial scandal, when three former Olympus executives were arrested over their suspected role in a £1.1bn accounting fraud at the company.

The firm's former president, vice president and auditor were among the executives arrested earlier this month for their alleged role in the scheme.

The massive accounting fraud, one of Japan's biggest corporate scandals, burst to light in October when former Olympus CEO Michael Woodford blew the whistle.

It was later revealed that a few executives kept the fraud going for 13 years in order to hide investment losses off Olympus's books.

Tsuyoshi Kikukawa, who stepped down from his role 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 taking part in one of Japan's biggest corporate scandals.

The seven men are alleged to have covered up huge investment losses through complex mergers and acquisitions deals.

In February the company forecast a full-year loss of £262m, which was largely attributable to its beleaguered camera business - but its core endoscope operation appears unaffected by the scandal.