Toshiba was under threat of a record fine because of mistakes in reporting


Moscow. December 7. The Japanese Commission for the supervision of securities and exchanges (Securities and Exchange Surveillance Commission, SESC) may be fined Toshiba Corp. a record controller for the amount of value of 7, 37 billion yen ($60 million) for publishing false information about the revenue for several years, reports Bloomberg.

It is noted that Toshiba had reserved on account of the possible penalty of 8.4 billion yen. According to informed sources, the regulator is also considering the possibility of prosecuting former heads of Japanese companies.

As previously reported, because of errors in reporting the profit of the company for 2008 to 2014 was reduced in total by $1.9 billion, its market capitalization collapsed on this news almost 40%. Left the company several senior managers, which the firm expects to receive compensation in the amount of about 300 million yen.

Toshiba, whose history can be traced back to 1875, works in the field of electrical engineering, electronics, energy and medical equipment.