Japanese automaker Nissan on Friday said it filed its own criminal complaint against its former chairman, Carlos Ghosn, for the “misuse of a significant amount of the company’s funds.”
Ghosn has been arrested and charged by Japanese prosecutors with financial misconduct. On Friday, Tokyo prosecutors added a new indictment to the growing list of charges brought against the once-lauded executive.
Until the recent charges against him, Ghosn served as a top executive for Renault, Nissan and Mitsubishi. He was considered a key figure in establishing and then maintaining the alliance.
Latest developments:
- Prosecutors filed two new charges against Ghosn: one for aggravated breach of trust for temporarily transferring personal investment losses to Nissan in 2008, the other for understating compensation for three years through to 2018.
- Nissan called for “strict penalties” when filing its complaint, which was “based on the same violation” of aggravated breach of trust.
- Prosecutors also filed an indictment against Nissan’s former Representative Director Greg Kelly for underreporting Ghosn’s income for three years through to 2018. Kelly’s lawyer said the latest indictment “comes as no surprise” and only appears to extend the time period from a previous indictment.
Read more: Who’s the man who could bring down Japan’s auto industry?
More to follow…
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Scandal-ridden bosses — how the mighty keep falling
Nissan boss Ghosn’s affairs scrutinized
Nissan Motor chairman Carlos Ghosn was arrested last month for alleged financial misconduct, having led a remarkable turnaround at the Japanese automaker, rescuing it from bankruptcy. An investigation continues into whether he under-reported his salary by 5 billion yen (€39 million $44.5 million) over five years from 2011.
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Scandal-ridden bosses — how the mighty keep falling
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Author: Nik Martin
ls/msh (Reuters, dpa)
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