Mega scam in Toshiba

rtr4w7od_647_071515121449In Toshiba electronics goods company a mega scam to the tune of Rs 7,700 crore occurred and owning the responsibility the company CEO Hisavo Tanaka and vice chairman Noria Sasaki resigned. Following allegations that he showed profits while betraying the share-holders, the ceo quit. Both of them were serving Toshiba from 1970. An independent probe appointed by the company proved the embezzlement of funds stating that Rs 7,723 crore was shown as profits for six years which is three times more than general profits. The company apologised with the share-holders.

Medaram Jathara

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