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Japan's GPIF Pension Fund Sues Toshiba Auditor Over Investment Losses

Art Post · 6/3/1712:20 AM

TOKYO (Reuters) - Japan's giant Government Investment Pension Fund (GPIF) has sued the local affiliate of global accounting firm Ernst & Young, claiming $31 million for losses on investments in Toshiba Corp stemming from the conglomerate's accounting scandal in 2015. Toshiba has been on the Tokyo Stock Exchange's supervision list since mid-March as it has failed to clear up concerns about its internal controls after the $1.3 billion accounting scandal. That scandal preceded the crisis...

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Japan's GPIF Pension Fund Sues Toshiba Auditor Over Investment Losses

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