The Traderszone Network

Published in TZ Latest News 17 July, 2015 by The TZ Newswire Staff

Regulators to seek penalty on Toshiba for false accounting: Nikkei

Japan’s financial watchdog plans to seek a financial penalty on Toshiba Corp , currently being investigated by an independent committee over accounting irregularities, the Nikkei reported on Saturday. The Securities and Exchange Surveillance Commission (SESC) believes the company falsified financial statements and will recommend as early as September that the Financial Services Agency impose a fine, the business daily said, citing sources. An SESC spokesman declined to comment, while Toshiba officials were not immediately available for comment.