Tag Archives: Accounting Scandal

Toshiba is facing hard times right now, the company's former President and CEO Hisao Tanaka stepped down around six months ago, following a revelation that the company had $ 1.2 billion in declared false profit. Obviously, this is a serious offense that will require Toshiba to pay out a hefty …

Toshiba is facing a huge fine of 7.37 billion Yen/£39 million/$60 million, following a huge accounting scandal that took place over seven years and saw the company overstating its profits by huge amounts. So far, the current fine is just the suggested figure from the Securities and Exchange Surveillance Commission, …