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Toshiba confirms SEC investigation as accounting woes spread to US

Discussion in 'Market News' started by Lily, Mar 18, 2016.

  1. Lily

    Lily Forum Member

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    Securities commission and justice department examining ‘accounting problem’ at American units, says Japanese corporation, amid profit-padding crisis

    Toshiba has announced its American businesses are cooperating with US authorities over alleged accounting irregularities, a day after its shares tumbled on a report it was under investigation.

    Related: Toshiba boss quits over £780m accounting scandal

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