Toshiba finds doubtful transactions in unit, to revise past statements


TOKYO: Corp said on Saturday it “could not confirm existence” of transactions worth some 20 billion yen ($181.59 ) at one of its subsidiaries in the first half of this fiscal year, prompting it to revise past .

The irregularities, which occurred over multiple years, were uncovered at , a wholly-owned subsidiary, as a result of an internal probe launched at the end of November, Toshiba said in a statement.

The company has been trying to win back the market’s trust after a 2015 accounting scandal uncovered widespread irregularities at the laptops-to-nuclear conglomerate for years.

Toshiba said it would eliminate some 20 billion yen worth of sales from net sales in its digital

Read the full story on The Himalayan Times

Read Previous

Government formally asks Delhi to resume palm oil import from Nepal

Read Next

IBN asks Zürich Airport to submit NIA proposal

Got any Comments/ Questions?