(Reuters) – Recommendation from Japan's securities watchdog to fine Toshiba Corp for accounting violations will be announced on Monday, Nikkei reported. A source told Reuters last month that the Securities and Exchange Surveillance Commission was likely to recommend the Financial Services Agency to fine Toshiba about 7 billion yen ($ 57 million), in what would be a record in the country for accounting-related violations. Toshiba, whose business spans household electronics to nuclear power, has said it inflated profits by about 155 billion yen over about seven years.
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