Former Olympus Corp. Chairman Tsuyoshi Kikukawa has been arrested for alleged accounting fraud.
According to BBC the firm is being probed for an accounting cover-up after it admitted to hiding $1.7bn (£1bn) in losses over two decades.
Mr Kikukawa resigned in October after the scandal broke out.
Olympus has sued 19 former and current executives over the issue.
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Letter of Congratulations to His Holiness Karekin II on His 75th Birthday
