Toshiba investigated by Japan's securities watchdog: source
The source was not authorised to speak to the media and declined to be identified.
Japan’s securities watchdog is investigating Toshiba Corp’s accounting practices for the last business year to see if it properly handled the losses incurred by its US nuclear unit Westinghouse, a source familiar with the matter told Reuters.
The Securities and Exchange Surveillance Commission is examining the process involved in creating the financial report for the 2016/17 business year, said the source, who was not authorized to speak to the media and declined to be identified.
A Toshiba spokesman declined to comment.
( Source : reuters )
Next Story