TOKYO, Apr 27 (Pulse News Wire) – Roland Corporation (7944.T) disclosed today that fraudulent transfers totaling approximately $12 million occurred due to false instructions impersonating its CEO. The incidents took place on April 21 and 23, 2026, in Mexico, and were identified internally on April 25, 2026.
The company stated that multiple transfers were made from its Mexican subsidiary's accounts based on fake directives believed to come from the CEO. Following the discovery, Roland and its Mexican subsidiary initiated recovery procedures with involved banks and legal actions with local authorities. Internal investigations are also underway to verify the facts.
Regarding the impact on performance, Roland anticipates minimal effects on its fiscal year ending December 2026. The company assured shareholders and stakeholders that it would continue efforts to recover funds and implement preventive measures against future occurrences. These include stricter verification processes for executive instructions, reviewing payment approval protocols, and enhancing employee awareness and training.
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