Toshiba TV News

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Toshiba expects to take up to $3 billion in charges related to six years of improper accounting.

A panel investigating an accounting scandal at Toshiba Corp has found that top executives were involved in improper practices, confirming the institutional nature of the abuses, a person directly involved in the investigation said on Friday.

Toshiba Corp expects $2.4-3.2 billion in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down,

Toshiba Corp Chief Executive Hisao Tanaka is likely to step down in September to take responsibility for accounting irregularities at the Japanese conglomerate, the Nikkei business daily reported.

Toshiba Corp will expand its accounting probe to other operations with a focus on its TV, computer and chip businesses, public broadcaster NHK reported Friday, as it investigates bookkeeping irregularities for some infrastructure projects.