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Toshiba employees grilled by securities watchdog officials over accounting scandal

JIJI

The Securities and Exchange Surveillance Commission has questioned employees in Toshiba Corp.’s personal computer division in connection with the electronics company’s accounting scandal, according to sources.

The SESC is considering filing criminal complaints against former Toshiba Presidents Atsutoshi Nishida, Norio Sasaki and Hisao Tanaka over the scandal, the sources said Sunday.

The commission apparently believes that the three former presidents were deeply involved in accounting irregularities in the PC division in possible violation of the law that prohibits falsifying corporate financial statements, the sources said.

Toshiba admitted in September to padding profits by ¥224.8 billion over several years. The SESC last month recommended fining the company ¥7.3 billion, which would be the largest administrative penalty ever in Japan for an accounting scandal.

  • Liars N. Fools

    Time for some perp walking at a once proud zaibatsu.

  • Jack Milliken

    When you fire the people who are responsible for process, is it a surprise when control processes were abandoned?

  • Jack Milliken

    When you fire the people who are responsible for process, is it a surprise when control processes were abandoned?