Olympus Ex-Chairman Kikukawa, Six Others Arrested

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Feb. 16 (Bloomberg) -- Three former executives at Olympus Corp., including former Chairman Tsuyoshi Kikukawa, and four others were arrested for suspected violation of the Financial Instruments and Exchange Act. The Japanese 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. Angie Lau reports on Bloomberg Television's "Asia Edge" with Rishaad Salamat. (Source: Bloomberg)


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