Shares of scandal - plagued Olympus rallied after three board members quit . Chairman Tsuyoshi Kikukawa , Vice Chairman Hisashi Mori and Auditor Hideo Yamada resigned . A subsequent probe that looked into the shady M & A transactions , including whether there was Japanese mob involvement , have pummeled shares of the camera and medical equipment maker . Former CEO turned chairman Michael Woodford met with Japanese police . Investigation centers on $ 1.4 billion in losses the company received as transaction fees .
Shares of scandal - plagued Olympus rallied after three board members quit . Chairman Tsuyoshi Kikukawa , Vice Chairman Hisashi Mori and Auditor Hideo Yamada resigned . Former CEO turned chairman Michael Woodford met with Japanese police . Investigation centers on $ 1.4 billion in losses the company received as transaction fees .