Summary Box: Arrests in Olympus probe
Quick ReadSummary Box: Former Olympus chairman, other executives arrested in probe
Photo credit: AP | FILE - In this Oct. 14, 2011 photo, former Olympus Corp. Chairman Tsuyoshi Kikukawa speaks at a press conference in Tokyo to announce the Japanese camera and precision instruments maker dismissed Michael Woodford as president over management discord and appointed himself to double as president effective on the day. Japanese media reports said Thursday, Feb. 16, 2012, prosecutors arrested Kikukawa in a massive cover-up of losses. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREA
ARRESTED: Japanese prosecutors arrested three former Olympus Corp. executives including the company's ex-chairman. The arrests were in connection with their alleged roles in orchestrating a cover-up of massive losses at Olympus.
ABOUT THE SCANDAL: The scandal surfaced last year when then-President Michael Woodford raised questions about huge payments for financial advice and acquisitions of...
