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Toshiba warns of multibillion-dollar loss on US nuclear acquisition

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Toshiba was fined a record 7.4 billion yen in December last year after Japanese regulators found that the manufacturer misled investors by filing false financial statements.

Tokyo

TOSHIBA Corp can't get past its accounting problems.

The Japanese company, which paid a record fine a year ago for its bookkeeping practices, warned that it may now have to take another charge of several billion dollars related to an acquisition made by US unit Westinghouse

sentifi.com

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