Toshiba says U.S. SEC completes accounting probe, no penalty
Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company.
“We understand that all SEC investigations regarding our accounting have been completed,” a spokesman told Reuters, adding that there was no penalty.
Toshiba’s 2015 accounting scandal revealed billions of dollars in liabilities at its subsidiaries, and forced the conglomerate to sell its prized memory chip unit.
Source: The New York Time – Toshiba says U.S. SEC completes accounting probe, no penalty
