Refusing to be overshadowed by the trendy new Olympus OM-D line, three (ex-)Olympus executives were arrested in Japan on Friday for their involvement in the corporation’s wildly popular $1.7 Billion Fraud Scandal.
“The management was rotten to the core, and infected those around it,” theatrically proclaimed the summary report of a special audit headed by a former Japanese Supreme Court justice who apparently had not been satisfied with his share of the limelight1According to CNN.
Arrested in this round were former Olympus Corp. Chairman Tsuyoshi Kikukawa, former Vice President Hisahi Mori, and Hideo Yamada as “The Auditor”. Four uncredited financial advisers were also arrested.
Not wanting to fade into its previous position of relative obscurity, Olympus has scheduled an ’emergency’ shareholder meeting in about 8 weeks, on April 20th, where the remainder of the board is expected to resign and be replaced with an all new cast.
