Toshiba gets £39m fine

The Japanese company faces now a 7.37bn yen fine due to overstating its profits for a period of seven years by $1.3bn This fine is considered the largest accounting violation in Japan. Some say the fine was well expected by Toshiba as the company claims that it has been saving up for a situation like this, the company is estimated to have saves an amount of around 8.4bn yen.