General Knowledge Quiz Contest (174) - Participate By Giving Answer

in #contest • 6 years ago

Hello friends,

General Knowledge Quiz Contest - 174.

Test your General Knowledge, participate by giving answer in comment.

Question:

Which Japanese firm admitted in 2011 to massive and sustained accountancy fraud, a tobashi scheme, dating back to decisions in the early 1990s?

Options:

  • A
    Toshiba

  • B
    Olympus

  • C
    Samsung

  • D
    Sanyo

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Play fair, do not search answer on google. :)


I will post correct answer next day.

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Best Luck from @annadoll


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#quiz #generalknowledge #gk #knowledge
6 years ago in #contest by
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    • [-]
     6 years ago 

    [ B ] Olympus

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      [-]
       6 years ago 

      B - Olympus

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         6 years ago 

        Correct Answer: B - Olympus

        Tobashi schemes hide losses by shifting them between the portfolios of other (genuine or fake) clients. The Olympus tobashi scheme had roots in 1991 when the firm had considerable losses among its many investments, and chose to hide them. The exposure in 2011 raised public questions about Japan's corporate culture.

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