Ex-chairman, others implicated in $1.5B loss dating to '90s
(AP) - Japanese prosecutors today arrested three former Olympus 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. Former chair Tsuyoshi Kikukawa, along with executives Hideo Yamada and Hisashi Mori, were arrested on charges of violating securities and financial laws, prosecutors said. Four consultants at other companies linked to Olympus were also arrested. Olympus as a corporation could face charges, too. More»