Olympus chairman stepping down amid deepening questions over acquisitions

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TOKYO — Olympus Corp. said Wednesday that Chairman and President Tsuyoshi Kikukawa is stepping down amid widening scrutiny into acquisitions after the company's British ex-CEO alleged financial wrongdoing.

The Japanese camera and medical device maker said the move was to take responsibility for the troubles caused to customers, business partners and investors over recent media reports that have sent Olympus stock plunging.

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