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Toshiba faces record 7.4b yen fine for falsifying earnings

Securities and Exchange Surveillance Commission mulling over whether to recommend penalties against former top execs: sources

The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan in this on Oct 1, 2015 file photograph.


JAPAN'S Securities and Exchange Surveillance Commission has recommended fining Toshiba Corp about 7.37 billion yen (S$83.8 million) for falsifying earnings, the largest financial penalty ever sought by the watchdog.

Toshiba misled investors by filing false financial...

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