Ricoh India sacks two, accepts CEO's resignation after fraud

Japanese electronics company's Indian unit Ricoh India has fired its CFO and Senior Vice-President after the firm posted a loss of ₹1,118 crore in 2015-16 due to an accounting fraud. The firm also accepted the resignation of MD and CEO Manoj Kumar. "...the acts and omissions of such employees have caused grave loss to the company," Ricoh India said.