It seems that 30% of Toshiba's "profits" in the past 7 years were fabricated!
An independent panel appointed by Toshiba said that the firm had overstated
its operating profit by a total of £780M.
Toshiba's chief executive and president Hisao Tanaka has resigned. Eight senior executives have now resigned after the independent
report found that senior management were involved in a scheme to inflate profits
over several years.