Region: Japan

Toshiba discovers more accounting errors

Japanese technology company Toshiba has delayed publishing its earnings for the financial year ending in March because it has found new accounting errors, according to reports.

01 September 2015

EY investigating how much it knew about Toshiba fraud

EY’s Japanese affiliate, Ernst & Young ShinNihon, has launched an internal probe into its auditing of Japanese technology company Toshiba, according to Reuters citing sources.

03 August 2015

Toshiba report published

Toshiba’s chief executive, Hisao Tanaka, has stepped down following the publication of an independent investigative report into accounting irregularities that found he and other top executives were involved in a US$1.2 billion profit overstatement.

21 July 2015

Top execs blamed in Toshiba accounting probe

A four-person committee investigating accounting irregularities at Japanese technology company Toshiba has found that top executives were involved in misconduct, according to Reuters. The company expects the case to cost it US$3 billion, according to reports.

17 July 2015

Toshiba report on US$1.6 billion profit overstatement to be published soon

With a final independent report into Toshiba’s accounting irregularities coming soon and reports emerging that the Japanese technology company’s president is about to step down over the matter, GIR looks into the scope of third-party panel investigations in Japan.

15 July 2015

Japan's Toshiba probe scrutinises former company president

An independent third-party fraud investigation of Toshiba is looking into the role of 71-year-old Atsutoshi Nishida, who was president of the Japanese conglomerate until 2009.

14 July 2015

Japanese Toshiba accounting probe focusing on top management

An independent investigation led by two accountants and two lawyers into accounting irregularities at Japanese technology company Toshiba is focusing on whether the company’s top management played a role in wrongdoing, Reuters has reported citing sources.

09 July 2015

People News

A round-up of the week’s latest promotions and people moves, including a regulatory lawyer joining O’Melveny & Myers and an investigations practitioner moving to King & Spalding’s new office in Japan.

19 June 2015

Hayes admitted Libor rigging during SFO interviews, court hears

British trader Tom Hayes incriminated himself during 82 hours of interviews with the UK’s Serious Fraud Office, and bribed a broker more than £35,000 to manipulate Japanese yen Libor on his behalf, a London court heard.

27 May 2015

Decision to end Libor NPA would leave UBS in a tough spot

The US Department of Justice may ditch its 2012 non-prosecution agreement with Swiss bank UBS in a virtually unprecedented step that could expose the bank to a prosecution with the odds stacked against it.

14 May 2015

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