Investigation Finds Toshiba Execs Were Involved in Company-Wide Scandal
A panel investigating an accounting scandal at Toshiba Corp has found that top executives were involved in improper practices, confirming the institutional nature of the abuses, a person directly involved in the investigation said on Friday.
Improper accounting, extended across virtually all business areas of the semiconductor-to-nuclear conglomerate, was part of Toshiba's "corporate culture," the person said.
Toshiba expects to take up to $3 billion in charges related to six years of improper accounting, a scandal set to force out Chief Executive Hisao Tanaka and other company leaders, sources familiar with the matter said this week.
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Improper accounting, extended across virtually all business areas of the semiconductor-to-nuclear conglomerate, was part of Toshiba's "corporate culture," the person said.
Toshiba expects to take up to $3 billion in charges related to six years of improper accounting, a scandal set to force out Chief Executive Hisao Tanaka and other company leaders, sources familiar with the matter said this week.
Help employers find you! Check out all the jobs and post your resume.