Article: Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe

Article - Media

Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe

SOURAV D , 12 June 2021

On Friday, four non-Japanese independent directors of Toshiba Corp., the Tokyo-based multinational conglomerate focused on a swathe of sectors ranging from utility to industrial to consumer electronics goods, called for a sweeping overhaul of the company’s management and board after an investigation had unveiled a potential tie-up between Toshiba Corp and the Japanese Government aimed at ‘beating up’ foreign shareholders, sending shockwaves into the Japanese securities.

In point of fact, latest leg of explosive findings on Toshiba Corp’s securities exchange malpractice to squeeze more money out of foreign shareholders, would likely to add to further restrain on influx of foreign capitals into the Japanese money markets following a much-debated Ghosn scandal in late-2018 which had significantly loosened the Nissan-Renault-Mitsubishi alliance, suggested analysts. Continue reading “Article: Four non-Japanese Toshiba Corp. directors call for shake-up after explosive probe”

Article: ‘Dieselgate’ Fraud: Timeline Of A Scandal

Article - Media

‘Dieselgate’ Fraud: Timeline Of A Scandal

AFP News, 10 June 2021

French automakers Renault, Citroen and Peugeot are the latest companies to be ensnared in the “dieselgate” scandal — a massive emissions cheating scheme that started at German car giant Volkswagen.

Here is a timeline:

In 2014, US researchers at the University of West Virginia discover that certain VW diesel cars emit up to 40 times the permissible levels of harmful nitrogen oxide when tested on the road. Continue reading “Article: ‘Dieselgate’ Fraud: Timeline Of A Scandal”