Olympus is being probed for an accounting cover-up after it admitted to hiding $1.7bn (£1bn) in losses over two decades.Olympus has sued 19 former and current executives over the issue.
Former Olympus chairman Tsuyoshi Kikukawa and Former executive vice president Hisashi Mori and former auditor Hideo Yamada have been arrested as part of the continuing investigations into the camera company.
Hideo Yamada
The scandal broke out in October 2011 after former chief executive Michael Woodford claimed he was fired for raising concerns about the company's accounting practices.Mr Woodford pointed out that he had questioned Olympus' payment of $687m in fees to financial advisers during the acquisition of UK medical equipment company Gyrus.
The scandal resulted in the company's shares plunging more than 50% on the Tokyo Stock Exchange (TSE) and TSE had also placed the stock under a watch list as the firm delayed filing its latest accounts in the wake of the scandal.
Olympus, the Japanese cameramaker, reported a loss for the nine months to the end of December 2011 as it battles an accounting scandal.Olympus has announced that it will hold an extraordinary general meeting (EGM) on April20,2012
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