Ghosn, Nissan formally charged in financial misconduct scandal
Tokyo prosecutors indicted ousted Nissan Motor (7201.T) chairman Carlos Ghosn for under-reporting his income and also officially charged the car maker
This was seen as making the firm culpable for the financial misconduct scandal that has shocked the industry.
Ghosn was arrested on Nov. 19 on suspicion of conspiring to understate his compensation by about half of the actual 10 billion yen ($88 million) over five years from 2010.
He has been held in a Tokyo jail since then for questioning, but had not been officially charged until now. Prosecutors re-arrested him on Monday on fresh allegations of understating his income for three more years through March 2018.
Nissan, which fired Ghosn as chairman days after his arrest, has said the misconduct was masterminded by the once-celebrated executive with the help of former Representative Director Greg Kelly, who was also indicted for the first time on Monday.
Ghosn and Kelly have not made any statement through their lawyers, but Japanese media reported that they have denied the allegations. Calls to Ghosn’s lawyer, Motonari Otsuru, at his office went unanswered.
Published: by Radio NewsHub