Carlos Ghosn received $9 million from Nissan-Mitsubishi JV

by SpeedLux
Carlos Ghosn Renault-Nissan

Carlos Ghosn inappropriately received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors, the Japanese automakers stated on Friday, raising the possibility of their ousted chairman facing a fresh charge of embezzlement.

In the recent twist to the saga of the once-feted official’s fall from grace, the automakers have discovered that Ghosn was paid by their Netherlands-based JV without the information of the unit’s two other directors – Nissan CEO Hiroto Saikawa and Mitsubishi CEO Osamu Masuko.

Ghosn, arrested and detained in Japan for about two months, has already been indicted on charges of under-reporting his earning for eight years at Nissan through March 2018, and temporarily moving personal investment losses to the automaker during the international financial crisis.

“That such misconduct also took place at our affiliate is beyond shocking … it’s sad,” Masuko informed reporters, pointing to the payments made to Ghosn from Nissan-Mitsubishi B.V., registered in the Netherlands in 2017.

Both Mitsubishi and Nissan stated they would consider ways to recover the amount from Ghosn, whereas Mitsubishi lawyer Kei Umebayashi stated a criminal charge was also possible.

“The most likely charge for this would be embezzlement,” he informed reporters at a briefing.

You may also like

Leave a Comment

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


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.


©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