Former Executives Arrested Yahoo! Finance UK

The Briton dropped his bid to return to the helm of the camera and medical equipment manufacturer last month, and has said he plans to sue the company for unfair dismissal. Olympus, which is also under investigation by British and US authorities, is hoping its shareholder meeting on April 20 will mark a turning point in its downturn. At least six of its 11-member board, including current president Shuichi Takayama, are reportedly set to resign. The company's shares have lost half their value since the scandal broke. On Monday it forecast a full-year loss of £262m, which was largely attributable to its beleaguered camera business - but its core endoscope operation appears unscathed by the scandal.