Japan’s markets watchdog to recommend fining Nissan over false reporting

Nissan Motor logo

Japan’s markets watchdog will probably recommend the financial regulator fine Nissan Motor about 2.4 billion yen ($22 million) over misleading reporting on its financial statement, anytime soon, public broadcaster NHK reported on Sunday. Nissan’s former Chairman Carlos Ghosn was arrested in Tokyo in November 2018 over accusations of financial misconduct, including understating his salary by […]

Hadi Zablit promoted to general secretary of Renault, Nissan alliance

Hadi Zablit

Renault, Nissan Motor and Mitsubishi Motors on Wednesday stated they had promoted Hadi Zablit to general secretary of their automaking alliance to speed up the business efficiencies throughout the companies. Zablit, senior vice president of business development at the alliance, takes up the recently created position on Monday and will concentrate on maximizing the contribution […]

Ghosn rejects report of inappropriate use of Nissan money

Carlos Ghosn pictures

Former Nissan Motor CEO Carlos Ghosn rejected any impropriety over payments he made during his reign at the automaker, after a newspaper report that Japanese tax authorities determined he used company funds for private use. “Mr. Ghosn categorically rejects that there was anything improper about the payments or donations at issue, all of which were […]

Ghosn used Nissan money for private use says Japan tax agency

Carlos Ghosn Renault-Nissan

Japan’s tax authorities have found former Nissan Motor CEO Carlos Ghosn used company funds for private use, bolstering the automaker’s case that he diverted corporate funds for personal benefit, the Yomiuri reported on Tuesday. The Japanese newspaper, without mentioning sources, stated the National Tax Agency found Ghosn used Nissan money for several years to pay […]

Ghosn’s lawyers seek dismissal of charges, allege prosecutors of misconduct

Carlos Ghosn pictures

Carlos Ghosn’s lawyers have asked the Tokyo District Court to drop all charges against the former Nissan Motor chairman, stating prosecutors colluded with government officials and Nissan executives to remove him from his post. Ghosn’s legal team in a press release stated they had filed two court filings ahead of a planned pre-trial meeting the […]