TOKYO, July 21, 2015 (AFP) - Toshiba president Hisao Tanaka and his predecessor Norio Sasaki resigned on Tuesday over a $1.2 billion accounting scandal blamed on management’s overzealous pursuit of profit that has battered one of Japan’s best-known firms.
The two men were among eight high-level executives and directors at the sprawling conglomerate to take the fall, stepping down after an independent report found senior management complicit in a years-long scheme to pad profits.
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