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  3. please research the facts surrounding toshibas accounting fraud scandal which...

Question: please research the facts surrounding toshibas accounting fraud scandal which...

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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)?

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