Whistleblower at Olympus resigns from board

MICHAEL Woodford, who was fired as chief executive of Japanese camera and medical equipment company Olympus after blowing the whistle on dubious spending, is now resigning from the board.

Olympus’ bookkeeping is now under investigation in Japan, the US and Britain. The fiasco has evolved into one of Japan’s biggest corporate scandals.

Woodford said the decision was difficult because he still cares about Olympus and hopes it will come clean.