The Japanese technology giant will take an 11.5% stake in Olympus in return for the investment.
As the most powerful camera in Olympus' ultrazoom category, it succeeds the prestigious SP-800UZ.
ENGADGET: Olympus launches SP-810UZ, packs 36x wide-angle zoom in a compact camera
Shares in Olympus surged 8.6% on hopes for managerial reforms, as former CEO Michael Woodford met with the board of the company Friday morning for the first time since his Oct. 14 dismissal.
This one's only coming out in Europe, Olympus calls the "Stylus" series the "Mju" series in Europe.
ENGADGET: Olympus announces Mju 725 sw, Stylus 730, Stylus 740, Stylus 750, and Stylus 1000
"Mr. Sasa's career spans 30 years in the Company's core Medical Business, and in recent years he has been deeply involved in the management of this core business, " Olympus said in a statement.
The three directors who stood down on Thursday include Tsuyoshi Kikukawa, who resigned as chairman last month, but had remained at Olympus in a non-executive role.
In January 2011, the OLYMPUS XZ-1 was announced as the first model in the X series, and in September 2012, the STYLUS XZ-2 was announced as the X series flagship model.
ENGADGET: Olympus unveils Stylus XZ-10 with f/1.8-2.7 zoom, smartphone sharing app
Alongside a single-player campaign set in an open-world Mount Olympus, multi-player features are also in development including both team play and PvP.
FORBES: 'Apatheon' Looks Like A 2D 'Dark Souls' Set In Ancient Greece
Footage from public broadcaster NHK showed investigators entering the building of three companies Olympus used in its scheme.
Officials from the Tokyo District Public Prosecutors Office and police entered Olympus offices in Tokyo today, the company confirmed in a statement.
"The same beach that I built my boyhood sand castles and learned to flailingly swim, it was that same beach, that one legendary day, Richard Burton and Elizabeth Taylor descended from the heavens, like gods from Olympus, in a helicopter ... and landed on those sands, " Sheen said.
In any case, the Olympus scandal should raise awareness among international investors about the importance of good corporate governance and the dangers of weak board independence.
FORBES: Japanese Business Culture and Why Good Governance Matters
In the first instance, the brokerage firms were shut down shortly after the payments were made, and in the second instance, Olympus wrote down the value of its odd acquisitions by 76% barely a year later.
FORBES: Japanese Business Culture and Why Good Governance Matters
In their international fund, they were the biggest foreign owner of Olympus, the Japanese camera and endoscope company involved in a massive multiyear global fraud.
FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy
Charles Nedoss, senior market strategist with Olympus Futures, said in addition to dollar strength, weakness in crude oil and grains pressured gold.
FORBES: Gold Prices Could Rally Next Week If Dollar Gains Fizzle
In terms of Toyota and Nomura, neither needs any additional drag factors, both have been beset by issues of their own dragging down revenues and margins: Toyota with the recent flooding in Thailand and Nomura in regards to issues with the Olympus scandal.
Olympus incurred such huge losses in its zaitech transactions in years past that at almost any time, had it chosen to recognize the losses, it very likely would have been bankrupted.
Apple ( AAPL - news - people ), also heads his own consulting company, the Hargadon Group, and he received the 2009 Olympus Emerging Educational Leader Award in recognition of the success of the two centers he helped found at UC Davis.
Express your inner artist with the Olympus TG-320's in-camera Magic Art Filters that enable users to enhance and customize images as they're being captured.
ENGADGET: Olympus unveils a cavalcade of point and shoot cameras and a PEN lens at CES
The Olympus affair is likely to set in train a fairly thorough and far-reaching strengthening and tightening of Japanese codes of conduct, laws and regulations, and criminal and civil remedies to deal with false financial reporting, non-disclosure, and due diligence requirements for company auditors, and stricter and more intrusive regulation by government agencies and securities exchanges.
The slender and affordable Olympus VG-160 is packed with in-camera Magic Art Filters, HD Video and an intelligent, iAuto.
ENGADGET: Olympus unveils a cavalcade of point and shoot cameras and a PEN lens at CES
The Olympus SP-810UZ will be available in black, starting in September 2011.
ENGADGET: Olympus launches SP-810UZ, packs 36x wide-angle zoom in a compact camera
"For the last 20 years, the buzz about consciousness has been such that all kinds of smart people in all kinds of fields say this is mount Olympus, " says Daniel Dennett, the Tufts philosopher whose work has helped guide cognitive science.
Olympus also knocked out five new digital cameras in their Stylus line this morning, all of which are weatherproofed.
ENGADGET: Olympus announces Mju 725 sw, Stylus 730, Stylus 740, Stylus 750, and Stylus 1000
Photos and HD videos will be crisp and clear thanks to three modes of in-body image stabilization and the award-winning Olympus Dust Reduction System.
Change the feel of each camera to suit your preferences with a detachable grip included with the Olympus E-PL5, and the Olympus E-PM2 grip is built-in.
Olympus has said several top executives were involved in the scheme and has promised to investigate former and current executives and auditors, and to pursue possible criminal charges.
Giovanni Schiaperelli, an Italian astronomer, created a detailed gazetteer of the planet in the 19th century, using such beguiling names as Olympus and Elysium for the features he saw through his telescope.
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