Toshiba accounting probe set to prompt board reshuffle, possible fines

A probe into an accounting scandal at Toshiba Corp is expected to find that top management were responsible for failures on a company-wide scale, setting the stage for a board overhaul, results restatements and potentially hefty fines.

Toshiba sets up new panel to expand accounting probe

Toshiba Corp (6502.T) has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years.

Japan's Toshiba in talks to cut Westinghouse stake

TOKYO: Toshiba Corp is in talks to sell a 36 per cent stake in its US nuclear power unit Westinghouse, though the Japanese firm is in no rush to divest that portion of the company, Toshiba's top executive said.