Nikko to sue directors over accounting scandal
Nikko Cordial sues former directors over accounting scandal
Japanese listed broker
will sue former directors, including its ex-CFO, over an accounting fraud at
The firm said it was
3.1bn Yen (£13.4m) from a number of directors, including its former
president, private equity unit chairman and CFO Hajime Yamamoto.
The scandal at the company led to the replacement of PwC audit affiliate
Misuzu as Nikko’s auditor. Another
affiliate, Aarata, took its place.