Corporate Evil: Japan’s Toshiba admits to cooking the books, for the past 7 years!

07 September 2015 (20:23 UTC-07 Tango 01, 06 September 2016)/16 Shahrivar 1394/23 Dhu al-Qa’dah 1436/25 Yi-You 4713

In a shock to Japan’s economy, Toshiba has done a one-eighty going from claiming  $1-billion USD in profits for 2014 to now saying they lost at least $314-million!

But wait, there’s more!  Toshiba administrators admit to cooking their accounting books (at least $1.89-billion USD in “accounting irregularities”) , and will review their profit statements all the way back to 2007!

Reports say the Tokyo Stock Exchange will fine Toshiba $760-thousand.  Toshiba is also appointing new executive management.

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