The Traderszone Network

Published in TZ Latest News 15 July, 2015 by The TZ Newswire Staff

Exclusive: Toshiba faces $3 billion in charges over accounting scandal – sources

Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday. A Toshiba spokesman said it has not yet compiled any estimates of potential charges.