Toshiba’s top investor calls for probe into botched shareholder meeting

Toshiba Corp’s top investor has called for an independent probe into a botched shareholder meeting, alleging several investors were deprived of their right to vote properly, according a letter sent to the Japanese conglomerate’s board.

The call by Singapore-based Effissimo Capital Management is the latest to highlight investor concern about the July 31 shareholder meeting, and the sidelining of minority investors, particularly foreign funds.

The letter from Effissimo comes just days after Toshiba this month said that more than 1,000 postal voting forms for its shareholder meeting went uncounted. Another Singapore-based fund, 3D Investment Partners, has already called for a similar investigation, saying its vote had not been fully recognised.