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Olympus Executives Arrested

Former chairman of camera company, six others charged in financial fraud.

By Mariko Yasu, Bloomberg | Updated on February 16, 2012

Three former executives at Olympus Corp., including ex-chairman Tsuyoshi Kikukawa, and four others were arrested for suspected violation of Japan’s Financial Instruments and Exchange Act.

The camera maker is facing shareholder lawsuits and may be subject to further criminal investigation after admitting to a 13-year cover-up. The company restated past securities reports and took a $1.3 billion reduction in net assets in December.

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