In 2015, the then CEO of Toshiba resigned by declaring the occurrence of 1.2 billion dollar scam by false accounting , which left the world in a shock effecting its 4lakh shareholders and stake holders collectively. Leading to decline of stocks nearly 40% drop in shares. No one have understood till date that why a company having 100 years’ experience and having its market spread across infrastructure, electronic devices and systems, health care, lifestyle products and services would betray its shareholders and stakeholders.
Ethical factors for the occurrence of fraud:
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