News of Bahrain
World21 July 20151 min read

Toshiba president, senior execs quit over $1.2 bn scandal

Toshiba president Hisao Tanaka and his predecessor Norio Sasaki quit the company on Tuesday as one of Japan\'s best-known firms was hammered by a $1.2 billion accounting scandal blamed on management\'s overzealous pursuit of profit. The two men were among eight high-level executi

Editorial Team Legacy

Published 21 July 2015, 8:00 · Updated 21:27

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Toshiba president, senior execs quit over $1.2 bn scandal

Toshiba president Hisao Tanaka and his predecessor Norio Sasaki quit the company on Tuesday as one of Japan\'s best-known firms was hammered by a $1.2 billion accounting scandal blamed on management\'s overzealous pursuit of profit.


The two men were among eight high-level executives at the sprawling conglomerate to take the fall, resigning after an independent report found senior management complicit in a years-long scheme to pad profits.

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