Yep. I read the entire deal a couple weeks ago and it looked pretty crooked. They paid $600 million in just advisor fees to some unknown company in the Caymen Islands. Gee, I wonder where that money went...
The CEO covered his a$$ by having PWC do an audit, Olympus fired him, and in return he is exposing the company fraud. Looks like a nicely played game of chess on the part of the CEO.