Friday, February 17, 2012

Olympus ex-chairman, other execs arrested in probe (AP)

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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 KOREAAP - Japanese prosecutors Thursday arrested three former Olympus Corp. executives including the company's ex-chairman over their alleged roles in orchestrating a cover-up of massive losses at the camera and medical equipment maker.


Source: http://us.rd.yahoo.com/dailynews/rss/japan/*http%3A//news.yahoo.com/s/ap/20120216/ap_on_bi_ge/as_japan_olympus

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