NIDEC shares decrease 22 % on accounting investigation

shares Nidak Corp fell up to 22.44 % on Thursday, after the company announced an investigation into the alleged intact accounting in one of its subsidiaries.

The establishment of an independent committee from the third party comes after an internal investigation from the Chinese company Nidec Techno Motor, due to the alleged misconduct, which revealed evidence indicating the presence of NIDEC management.

“The company realized the restrictions in the previous investigation system to involve external experts and are led by members of the audit and supervision committee, as well as the need for objective investigations by a third -party committee independent of the company.” In a statement Wednesday.

This is the largest decrease in the components of the Japanese electronic company for one day.