Ex-banker accused of helping in Olympus fraud granted bail

[riky]

Ex-banker accused of helping in Olympus fraud granted bail

NEW YORK (Reuters) - A former Singapore banker charged with helping Japan's Olympus Corp engineer a $1.7 billion accounting fraud was granted bail by a U.S. judge on Friday. Chan Ming Fon, a Taiwan citizen who lives in Singapore, may be released on $5 million bail, secured by $1 million of cash and $4.5 million of properties, according to an order by U.S. District Judge Laura Taylor Swain in Manhattan. The former Commerzbank AG and Societe Generale banker had been arrested on December 20 in Los Angeles. ...

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