Corporate scandal at its finest, and in Japan!

A typical (it could feature as an example of a fraud case in the CFA curriculum ) case of accounting fraud coupled with extremely poor corporate governance, and sadly from a reputable company such as olympus. Your take on this guys?

http://www.nytimes.com/2011/11/10/business/global/corporate-japan-rocked-by-scandal-at-olympus.html?pagewanted=1&_r=1