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Business

Toshiba chief to resign in September

More than half of Toshiba's directors are expected to step down over the scandal.

TOKYO -- Toshiba President Hisao Tanaka will likely step down in September to take responsibility for the company's escalating accounting scandal.

     He told close associates Tuesday of his intention to resign. Speculation over his resignation was growing after third-party investigators discovered that he was among the top officials who allegedly instructed subordinates to delay booking losses in the infrastructure business.

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