© Reuters. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris

TOKYO (Reuters) – Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor (T:) Chairman Carlos Ghosn for understating his remuneration by 3 billion yen ($27.0 million) over three years from fiscal 2015, the Asahi newspaper reported on Friday.

Ghosn and former Nissan Representative Director Greg Kelly are currently being investigated in a case of alleged conspiracy to understate Ghosn’s remuneration by about half the 10 billion yen he earned at Nissan over five years from fiscal 2010.

Combined, Ghosn has understated his remuneration at Nissan by around 8 billion yen in the eight years through the fiscal year that ended in March, the paper said, without citing sources.

It did not mention whether a new case would also target Kelly.

Ghosn and Kelly were arrested and dismissed from their positions this week over allegations of financial misconduct.

A new case would make Ghosn liable for rearrest, Asahi said.

With the duo still in custody, neither man has been able to defend himself publicly against the allegations.

Reuters was not able to contact them. Motonari Otsuru, a former public prosecutor who local media said has been hired as Ghosn’s lawyer, was not immediately available to comment.

The Tokyo District Public Prosecutors Office could not be reached for comment on Friday, a public holiday in Japan. Nissan declined to comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.




Japan prosecutors likely to build new criminal case against Ghosn: Asahi By Reuters

LEAVE A REPLY

Please enter your comment!
Please enter your name here