dark        
spacer

Atlus parent company under investigation for fraud

0

Index Corporation suspected of round-trip transactions

Atlus parent company Index Corporation is under investigation for fraud, NHK News reports. Index posted earnings of 18.3 billion yen last year, a number the Japanese Securities and Exchange Surveillance suspects were inflated using an illegal business practice called round-trip transactions. Mired in debt, the publicly-traded company is believed to have exaggerated revenues from its various multimedia subsidiaries in an effort to maintain the illusion of stability.

Police raided the holdings firm's corporate offices yesterday in addition to conducting a search of president Masami Ochiai's personal home. Index assert they are cooperating with authorities but cannot comment on the situation at present. 

人気ゲーム会社に粉飾決算の疑い [NHK]


You are logged out. Login | Sign up

 
 

 

TwitterRedditEmailFacebook
 
Kyle MacGregor Burleson
Kyle MacGregor BurlesonWeekend Editor   gamer profile

used to work Now I just hang around and make a more + disclosures


 



Filed under... #Atlus #Industry Bull #Money

READER COMMENTS LOADING BELOW...


LET'S KEEP THE COMMUNITY GREAT


You're not expected to always agree, but do please keep cool and never make it personal. Report harassment, spam, and hate speech to our community team. Also, on the right side of a comment you can flag nasty comments anonymously (we ban users dishing bad karma). For everything else, contact us!