Toshiba chief 'to quit'over fraud
an accounting scandal involving massive japanese conglomerate toshiba deepened yesterday as reports said the company's president would likely be forced to resign.
The resignation of toshiba president hisao tanaka will be finalised after a third-party panel tasked with investigating the scandal release its report as early as next week, kyodo new agency said, citing unnamed sources.
the japanese firm, which makes everything from batteries to nuclesar reactors, has allegedly overstated around 200 billion yen in its group operating profits for the five yaers to march 2014.