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Ex-Olympus executives arrested in $1.7b scandal

Japanese prosecutors have arrested seven men, including former Olympus Corp. Chairman Tsuyoshi Kikukawa, for their alleged involvement in a massive $1.7 billion accounting fraud at the Japanese camera and medical equipment maker.

(CNN) Tokyo - Other former executives arrested Thursday include ex-Executive Vice President Hisashi Mori and former Auditor Hideo Yamada, according to the Tokyo District Public Prosecutors Office. Four others arrested were financial advisers who allegedly assisted Olympus executives in the coverup.

"We are deeply concerned about the seriousness of this situation," the Olympus Corp said in a statement. "In order to find the full facts, we will continue to fully cooperate with law enforcement authorities in the investigation."

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Geopolitics

Modi Is Wrong: Russia's War Also Creates Real Risks For India

By shrugging aside Russia’s aggression, India has shown indifference to fears that China could follow Russia’s example.

Photo of India's Prime Minister Narendra Modi and Russian President Vladimir Putin

India's Prime Minister Narendra Modi Visits Russia

Anita Inder Singh*

-OpEd-

NEW DELHI — India is wrong to dismiss Russia’s war in Ukraine as Europe’s problem. The illegality and destructiveness of the invasion, and consequential food and energy crises, have global ramifications.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

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This explains why 143 out of the 193 member-states of the UN General Assembly voted against recognizing Russia’s illegal annexation of four Ukrainian regions after holding sham referenda there. Ninety-three voted in favor of expelling Russia from the UN Human Rights Council.

India has abstained from every vote in the UN condemning Russia’s aggression in Ukraine. The reason? Moscow is India’s top arms supplier and some 70% of India’s military platforms are of Russian origin.

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