http://www.The-Digital-Picture.com Olympus News at The-Digital-Picture.com en-us http://www.The-Digital-Picture.com/Images/Logo-RSS.gif http://www.The-Digital-Picture.com Info@The-Digital-Picture.com (Bryan Carnathan) 2013 The-Digital-Picture.com http://www.The-Digital-Picture.com/News/News-Post.aspx?News=1982 An investigation into Olympus Corp started in October after former CEO, Michael Woodford, exposed a major scandal. Results of the investigation have rocked the company and now include <a href="http://uk.reuters.com/article/2012/02/16/olympus-idUKL4E8DF5O020120216" target="_blank">the arrest of 9 former executives and bankers</a> according to Reuters.<br>&nbsp;<br>TOKYO, Feb 16 (Reuters) - Japanese police and prosecutors have arrested seven men, including the former president of Olympus Corp and ex-bankers over a $1.7 billion accounting fraud -- one of the country's biggest corporate scandals.<br>&nbsp;<br>Tokyo prosecutors arrested ex-president Tsuyoshi Kikukawa, former executive vice president Hisashi Mori and former auditor Hideo Yamada on suspicion of violating the Financial Instruments and Exchange Law, officials said on Thursday.<br>&nbsp;<br>Read the rest of this sad story at <a href="http://uk.reuters.com/article/2012/02/16/olympus-idUKL4E8DF5O020120216" target="_blank">Reuters</a>. (thanks James) http://www.The-Digital-Picture.com/News/News-Post.aspx?News=1982 Thu, 16 Feb 2012 17:39:14 CDT