Toshiba Investigated By Japan’s Securities Watchdog

October 19, 2017 – 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 said.

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 authorized to speak to the media and declined to be identified.

A Toshiba spokesman declined to comment.

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