Olympus Corp.'s former chairman, suspected of orchestrating a massive cover-up of losses at the Japanese camera and medical equipment maker, has been arrested, media reports said Thursday.
Prosecutors would not immediately confirm the reports by public broadcaster NHK and Kyodo News agency.
The reports said two other former Olympus executives as well as four consultants at other companies were also arrested. They are suspected of violating regulations on earnings reports, NHK said.
Tokyo-based Olympus said in a statement it took the reported arrest of former chairman and president Tsuyoshi Kikukawa seriously and promised to cooperate fully with the ongoing investigation. It did not know about the arrest but had seen media reports. (AP)
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