Question: please research the facts surrounding toshibas accounting fraud scandal which...
Please research the facts surrounding Toshiba's Accounting Fraud scandal, which hit the news starting in 2014/15. After they publicly announced some details of their fraud, they also announced their intention to divest two minority interest stock investments they held: Topcon and Kone. Consider why they chose to take that action and what was the primary driving factor. Was it:
1) Good PR spin?
2) Free up Cash as credit markets would be tightening for them?
3) Recognize profit from such stock sales to offset the looming write-downs they would be taking on the correction of the Accounting fraud?
4) Some other reason(s)?