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Improper accounting, extended across virtually all business
areas of the semiconductor-to-nuclear conglomerate, was part of
Toshiba's "corporate culture," the person said.
Toshiba expects to take up to $3 billion in charges related to
six years of improper accounting, a scandal set to force out
Chief Executive Hisao Tanaka and other company leaders, sources
familiar with the matter said this week.
Top officials "received summary reports" from managers on how
they were delaying the booking of losses, the investigation
source said. Those practices are at the heart of Japan's worst
accounting scandal in five years.
The executives - including Tanaka, Vice Chairman and former
president Norio Sasaki and adviser and former president
Atsutoshi Nishida - strongly pressured Toshiba divisions in
emails and meetings to meet budget targets, worsening the
accounting improprieties, the source said.
A company spokesman said he could not comment as the panel's
report has not been released.
The company said on Friday the independent panel, hired by
Toshiba after the irregularities emerged in April, will report
its findings to the company on Monday, and Toshiba would
announce them on Tuesday.
As one measure to prevent a recurrence of the problems, Toshiba
is considering naming an outsider to head its Audit Committee,
said a Toshiba official familiar with the matter.
(Additional reporting by Yoshiyasu Shida; Writing by William
Mallard; Editing by Ian Geoghegan)
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