Toshiba bosses responsible for overstating profits by $1.2bn
Toshiba bosses responsible for overstating profits
Tokyo - Arab Today
Toshiba's top executives were behind a plan that inflated profits by $1.2 billion over the past six fiscal years, according to an independent panel Monday, in a stinging indictment of one of Japan's best-known firms.
The findings came after Toshiba hired an outside team of investigators to look into accounting irregularities uncovered by securities regulators probing the conglomerate's balance sheet earlier this year.
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