The long-running crisis at Japan’s Toshiba
TOKYO - ToshibaCorp's board on Thursday accepted a buyout offer from a group led by private equity firm Japan Industrial Partners (JIP), ending months of speculation over whether the investors would be able to take it private. The deal would potentially draw a line under the Japanese conglomerate's recent troubled history. Here is a timeline ofToshiba' woes since 2015. 2015 -Toshibadiscloses accounting malpractices across multiple divisions, which involved top management. It overstated pretax profit by 230 billion yen ($1.8 billion) over seven years. Dec. 2016 -Toshibasays it will take a charge of several billion dollars related to a nuclear power plant construction company ...Keep on reading: The long-running crisis at Japan’s Toshiba
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