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Toshiba in turmoil

Toshiba's No. 2 shareholder calls for immediate resignation of board chair, 3 directors

The letter, sent to the four on Sunday according to a person with direct knowledge of the process and seen by Reuters, is from 3D Investment Partners, which owns a 7.2% stake in Toshiba.   © Reuters

TOKYO (Reuters) -- Toshiba Corp's second-biggest shareholder on Sunday demanded the board chairman and three other directors immediately resign after an investigation found the company had colluded with the Japanese government to pressure foreign investors.

The letter, seen by Reuters, is from 3D Investment Partners, which owns a 7.2% stake in Toshiba. It was sent to the four on Sunday, according to people with direct knowledge of the process.

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