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Nissan chief Carlos Ghosn hit with more charges - Report

Auto News - Published on Tue, 15 Jan 2019

Image Source: The Express Tribune
Tokyo prosecutors on last Friday filed two new charges of financial misconduct against former Nissan chief Carlos Ghosn, meaning the auto tycoon is unlikely to be leaving his jail cell soon. Lawyers for the former jet-setting executive immediately said they would file a bail application, but have acknowledged that he will probably be detained until a trial.

He was already facing a first charge for allegedly under-reporting his compensation over five years to the tune of five billion yen (USD 46 million) in official documents to shareholders. The second charge against him alleges that the under-reporting continued for another three years. The third charge, for aggravated breach of trust, involves a complex alleged scheme under which Ghosn is said to have tried to transfer losses on foreign exchange contracts to Nissan's books. It also alleges that he used company funds to repay a Saudi acquaintance who put up collateral for the contracts.

Prosecutors also filed charges Friday against Nissan and Ghosn aide Greg Kelly over the additional three years of under-reporting pay.

Source :

Posted By : Joykumar Irom on Tue, 15 Jan 2019
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