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JIP, which previously bought out Olympus Corp's camera business and Sony Group Corp's laptop business, will continue to try to secure equity and financing commitments after the deadline, two of the sources said.

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private equity fund Bain Capital and north Asia fund MBK Partners to form a separate consortium, is also preparing to bid, but is unlikely to submit a binding proposal by Monday, two of the sources said.

"There are any number of reasons that you're all well aware of about why staff would be feeling concerned about their roles, concerned about how their work is perceived externally, dealing with critical views that are expressed constantly about their work," he said.

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The watchdog launched its probe last year after then Integrity Commissioner Nikola Stepanov raised concerns about the laptop being taken from her office without her knowledge or Http://1Ctv.Cn/ permission by public servants.

"No, I don't believe it changed direction at all, and importantly, the decisions made in relation to that matter ... I actually took no role in the specific decisions," Mr Barbour told a parliamentary committee on Thursday.

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Japan Industrial Partners, the private equity firm since selected by Toshiba as a preferred bidder, originally teamed up with state-backed fund Japan Investment Corp in a first round of bidding earlier this year.

The Japanese government owns 96% of JIC.

The trade ministry has said the fund cannot spend taxpayer money on a deal just to take a company private and make things easier for management. Any investment would have to fulfil policy goals such as promoting restructuring, it has said.

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5 months agoDespite being selected as preferred bidder, JIP has struggled to secure enough equity commitments from potential partners, sources have said.

It now looks set to miss a Monday deadline to deliver a firm proposal that includes letters of commitment from banks, sources have said.

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