What a surprise. Not.
The gist of this story is that royalties are often incorrectly calculated. Assuming this is the case, what’s the likelihood that the innaccuracies are consistently in the favour of the record company? I suspect very likely indeed, and in my opinion it constitutes fraud.
When record companies deprive artists of income through misaccounting, they should be charged with copyright infringement, and fined at the same high rate per copy that they have bribed legislators to apply when others infringe copyright. And if that means they go bankrupt, it’s no more than they deserve.