You are here: Home » News-IANS » Business-Economy
Business Standard

Ghosn faces new charges

IANS  |  Tokyo 

Ousted Motor Carlos Ghosn, who has been under arrest for alleged financial misconduct, was on Friday hit with new charges and was accused of misreporting his compensation through 2018 and abusing his position for personal gain.

prosecutors accused Ghosn of misreporting his compensation by tens of millions of dollars during a three-year period that ended in March 2018, reports news.

The latest indictment means Ghosn is eligible for bail. The former Chairman's is set to file for his release on Friday.

Ghosn's alleged co-conspirators, and Motor, were also indicted for the alleged misreporting.

Ghosn, Kelly and Nissan were previously indicted on December 10 on similar allegations related to financial statements filed over a five-year period that ended in March 2015.

Nissan has expressed regret over the case but hasn't said whether it will contest the allegations.

Ghosn has called the charges against him "baseless" and Kelly, who is currently out on bail, has maintained his innocence.

Ghosn faces an additional charge of breach of trust related to a series of transactions with Saudi Arabian

--IANS

ksk/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 13:50 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU