Fujifilm, as 75% owner and controlling partner of Fuji Xerox, has concealed from Xerox the true extent of a massive and ongoing accounting fraud at Fuji Xerox caused by Fujifilm's own gross mismanagement. "In light of Fujifilm's numerous contractual breaches and continued misconduct and bad faith in its dealings with Xerox (among other things), Xerox does not currently plan to renew the technology agreement when it expires in 2021." Visentin claimed that a "material portion" of Fuji Xerox's revenue which comes from China has never been formally investigated for accounting fraud – a problem he said is "rampant" across the joint operation.