accounting scandal


CVC makes $18 billion offer to take Toshiba private 

CVC makes $18 billion offer to take Toshiba private 

(ATF) Private equity firm CVC Capital Partners has proposed a buyout of Toshiba Corporation for about 2 trillion yen ($18 billion), the Japanese company's president said on Wednesday.The Luxembourg-based investment firm will discuss terms with the management of the Japanese electronics and infrastructure conglomerate and would be required to engage …

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Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a net loss, US regulators have said.The US Securities and Exchange Commission (SEC) fine on the China-based rival to Starbucks comes after it said …

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