NEW : two men arrested in connection with $ 1.7 billion Gyrus fraud . Ex-Chairman Tsuyoshi Kikukawa and Seven other former executives detained . What was the cover-up ? Company executives hid $ 1.7 billion in losses in bad investments from October . Ex-CEO Michael Woodford was fired in the 1990s when he questioned shady transactions .
NEW : two men arrested in connection with $ 1.7 billion Gyrus fraud . Ex-Chairman Tsuyoshi Kikukawa and Seven other former executives detained . Company executives hid $ 1.7 billion in losses in bad investments from October . Ex-CEO Michael Woodford was fired in the 1990s when he questioned shady transactions .