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Toshiba investigated by Japan's securities watchdog - source

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Toshiba investigated by Japan's securities watchdog - source

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TOKYO (Reuters) – Japan’s securities watchdog is investigating Toshiba Corp’s <6502.T> accounting practices for the last business year to see if it properly handled the losses incurred by its U.S. nuclear unit Westinghouse, a source familiar with the matter told Reuters. The Securities and Exchange Surveillance Commission is examining the process involved in creating the financial report for the 2016/17 business year, said the source, who was not authorised to speak to the media and declined to be identified. A Toshiba spokesman declined to comment.

(Reporting by Takahiko Wada; Writing by Kaori Kaneko; Editing by Edwina Gibbs)
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