The Serious Fraud Office (SFO) has dropped its fraud charges against Japanese camera-maker Olympus and its UK subsidiary Gyrus Group marking a win for its lawyers Slaughter and May. 

The news marks the end of a case launched in 2011 when Olympus’s former CEO blew the whistle on £1.06bn of fraudulent deals.

The row hit the High Court last year when Mr Justice Eder ruled the charges could not be committed by the UK company under audit.

The Court of Appeal upheld Eder J’s ruling, leading to the SFO decision on Tuesday (10 November).

Slaughters has also bagged an instruction from Rolls-Royce to advise it on the SFO probe into allegations of bribery and corruption at the company. That case is still ongoing.

Also on The