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Last updated: September 7, 2015 12:02 pm
Toshiba says it inflated profits by nearly $2bn over seven years
Kana Inagaki in Tokyo
Toshiba said it had inflated profits by nearly $2bn over seven years as it assessed the fallout from an accounting scandal that has wiped more than a third off the company’s share value. Continue reading
Choosing between protection and hard lessons
Saturday, 12 September 2015
By: OPTIMISTICALLY CAUTIOUS . . . ERROL OH
Assisiting investors: The Securities Commission building in Kuala Lumpur. There have been several cases of the commission going to court to seize the conmen’s ill-gotten gains so that it can be returned to the investors/victims.
Restitution offers relief to investors but will they learn enough?
PEOPLE who fall for investment scams and kids who write letters to Santa Claus have one thing in common – they belief in the promise of easy and seemingly magical rewards. When the lure of the sure thing is jiggled before them, the greedy and the ignorant quickly shed skepticism and caution.
When that happens, they are likely to lose money. In Malaysia, they sometimes get back part of it.
There have been several cases of the Securities Commission (SC) going to court to seize the conmen’s ill-gotten gains so that it can be returned to the investors/victims. This is called restitution. Continue reading
AsianExtractor: Unearthing Accounting Fraud in Asia 