Toshiba inflated profits by $1.2 billion with top execs’ knowledge: investigation
sustainability.thomsonreuters.com| Published 20 July 2015
By Ritsuko Ando
Japan‘s Toshiba Corp overstated its operating profit by 151.8 billion yen ($1.22 billion) over several years in accounting irregularities involving top management, an independent investigation said in a report on Monday.
In the country’s biggest corporate scandal in years, the findings could lead to the restatement of earnings, a board overhaul and potentially hefty fines at the computers-to-nuclear conglomerate… read more>