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Japanese auto parts maker Nidec will sue its founder Shigenubu Nagamori and eight former senior executives for their involvement in accounting fraud, writes the Financial Times. An internal investigation found that excessive pressure from Nagamori forced divisions to distort financial results, artificially inflating the company's profits by 160 billion yen ($1 billion) over several years.

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🇯🇵 Japan · Map

Japanese auto parts maker Nidec will sue its founder Shigenubu Nagamori and eight former senior executives for their involvement in accounting fraud, writes the Financial Times. An internal investigation found that excessive pressure from Nagamori forced divisions to distort financial results, artificially inflating the company's profits by 160 billion yen ($1 billion) over several years.

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