Wednesday, March 05, 2025 | 12:45 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Toshiba investigated by Japan's securities watchdog: source

Image

Reuters TOKYO

TOKYO (Reuters) - 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 U.S. 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 authorised to speak to the media and declined to be identified.

A Toshiba spokesman declined to comment.

(Reporting by Takahiko Wada; Writing by Kaori Kaneko; Editing by Edwina Gibbs)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 19 2017 | 8:20 AM IST

Explore News