Wed, Jun 12, 2013 | 18:41 BST
Atlus’ parent company Index being investigated for doctoring the books
Atlus’ parent company, Index, is being investigated by Japanese authorities for shady bookkeeping practices, according to a NHK report.
The firm, which purchased Atlus a while back, took it off the stock market, and continues to run it only “on paper” as a brand name, has reportedly been inflating business transactions. These include fabricating numbers or “round-tripping” to make the balance sheet look better.
“It’s true that we are being investigated,” an Index spokesperson told NHK. “During this investigation, we are unable to divulge any information at the request of the authorities. From here on out, we are cooperating fully and as soon as all the facts are evident, we will promptly make that known.”
An investigation is going on at Index’s corporate offices and at the company president’s home.