Ricoh Cuts the Cord on Indian Subsidiary, Lowers Profit Forecast

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Stung by mounting evidence of accounting fraud at its Ricoh India subsidiary, Japanese parent company Ricoh Company has lowered its forecasted profits for the year ending March 2018, and the company’s top six executives have voluntarily agreed to reduce their personal compensation for three months. Also, according to an announcement issued on October 27, Ricoh

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