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

Image
Reuters TOKYO
Last Updated : Nov 23 2018 | 10:45 AM IST

TOKYO (Reuters) - Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor 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.

($1 = 112.9300 yen)

(Reporting by Leika Kihara; Editing by Muralikumar Anantharaman)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 23 2018 | 10:32 AM IST

Next Story