Nidec Finds More Suspected Cases of Accounting Fraud

Nidec Corp., a Japanese auto gear maker, has discovered additional suspected cases of accounting fraud, including some involving a Swiss subsidiary. This latest revelation adds to the ongoing scandal that has threatened the company's listing status. The company has been investigating irregularities in its accounting practices, and the new findings indicate that the scope of the problem is wider than initially believed. Nidec has not provided specifics on the nature or extent of the suspected fraud, but the company has stated that it is working to address the issues and strengthen its internal controls. The accounting scandal has raised concerns about the company's financial reporting and governance practices, and has the potential to have significant implications for Nidec's future operations and reputation. The company's management has vowed to take appropriate actions to rectify the situation and regain the trust of its stakeholders.