Prosecutors to raid Olympus on Wednesday: media

Tue Dec 20, 2011 6:37pm EST
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TOKYO (Reuters) - Japanese prosecutors are set to raid the offices of Olympus Corp (7733.T: Quote) as well as homes of its former executives later on Wednesday in connection with a huge accounting scandal that has threatened the existence of the 92-year-old maker of cameras and medical equipment, domestic media reported.

Tokyo prosecutors, police and the Securities and Exchange Surveillance Commission will join in a joint probe of the 13-year, $1.7 billion scheme to hide investment losses stretching back two decades, media said.

(Reporting by Nobuhiro Kubo; Editing by Edwina Gibbs)