Toshiba CEO resigns over accounting irregularities


Toshiba Corp president Hisao Tanaka (C), chairman Masashi Muromachi (L) and executive officer Keizo Maeda (R) bow at the start of a press conference at the company headquarters in Tokyo, Japan, 21 July 2015.

Hisao Tanaka, CEO and President of Toshiba, resigned because the company was overstating its profit over a seven year period

Hisao Tanaka, CEO and President of the well-known Japanese corporation Toshiba resigned today taking the blame for years of accounting irregularities.

Along with Tanaka, seven board members, including vice-chairman Norio Sasaki also resigned from their posts. On Monday, an independent panel appointed by Toshiba announced that the Japanese giant had overstated its operating profit by a total of 151.8bn yen ($1.22bn.) According to BBC, the company's business empire stretches from home electroni...

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