Nikkei: Nissan Ex-Chairman Carlos Ghosn To Be Indicted Monday

Nikkei: Nissan Ex-Chairman Carlos Ghosn To Be Indicted Monday

Tokyo: The prosecutors of Tokyo plan to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily reported, ratching up their case against the auto tycoon.

The Nikkei has said that Prosecutors also plan to indict on the same day former representative director Greg Kelly as well as the automaker itself.

The arrest of Ghosn and Kelly on November 19 shook the foundations of the Renault-Nissan alliance and stunned the auto industry, where Ghosn is renowned for turning around the French and Japanese carmakers. Ghosn remains chairman and chief executive of Renault SA.

It has been instructed that Ghosn and Kelly detention period runs until Monday when prosecutors must decide to indict, release, or rearrest them on new claims.

Further, Nikkei said that the two former executives and Nissan would likely be indicted over the alleged underreporting of salaries in five annual reports through the business year that ended in March 2015.

As the newspaper report, Ghosn and Kelly are also likely to be rearrested on suspicion of making misstatements in reports for the subsequent three business years.

Denying the allegation Nikkei said that making false statements in an annual report was a crime which not just the individuals involved but also companies can be held accountable, and prosecutors wanted to charge Nissan for not preventing the alleged crime.

Ghosn was arrested for allegedly conspiring to understand his income by about half of the actual 10 billion yen ($ 88.66 million) over five years from 2010. Kelly was accused of assisting. However, it has been said that the Japanese media reported that they have denied the allegations however, sources said that Ghosn and Kelly have not made any statement through their lawyers.

by Priti on December 7, 2018

Related Articles