Carlos Ghosn, Nissan charged for financial misconduct

by SpeedLux
2017 Nissan Rogue Sport

Tokyo prosecutors indicted ousted Nissan Motor chairman Carlos Ghosn for under-reporting his earnings and also formally charged the automaker, making the firm guilty for the financial misconduct scandal that has surprised the industry.

Ghosn was arrested on November 19 on suspicion of conspiring to understate his income by about half of the actual 10 billion yen ($88 million) during five years from 2010.

He has been held in a Tokyo jail since then for investigation, but had not been officially charged before today. Prosecutors re-arrested him on Monday on new allegations of understating his earnings for three more years through March 2018.

Nissan, which eliminated Ghosn as chairman days following his arrest, has stated the misconduct was masterminded by the once-celebrated executive with assistance of former Representative Director Greg Kelly, who was as well indicted for the first time on Monday.

Ghosn and Kelly have not issued any statement through their lawyers, however Japanese media reported that they have rejected the allegations.

Nissan, indicted for filing misleading financial statements, stated it takes the charge seriously.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More