Fujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a 'moral obligation'
Publishing timestamp: 2024-01-17 00:30:39
Summary
Fujitsu Europe co-CEO apologizes for the company's faulty software that led to the wrongful prosecution of sub-postmasters in the UK. The UK government has set aside 1 billion pounds in compensation for the victims. Fujitsu's shares dropped 4% after the announcement. The company is expected to contribute towards the compensation but the exact figure is not disclosed.
Sentiment: NEGATIVE
Tickers: 6702.T-JP,
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