Ghosn denies financial misconduct allegations, report says

November 25, 2018 10:05 CET

TOKYO — Former Nissan chairman Carlos Ghosn has denied allegations of financial misconduct, Japanese public broadcaster NHK said on Sunday.

Ghosn, who was arrested last Monday, has told investigators that he had no intention of under-reporting his remuneration on financial documents and has denied allegations against him, NHK said, without giving sources or further details.

American board member Greg Kelly, who was arrested with Ghosn, was quoted by NHK on Saturday as defending Ghosn’s compensation, saying it was discussed with other officials and paid out appropriately.

Japanese prosecutors say Ghosn and Kelly conspired to understate Ghosn’s remuneration by about half the 10 billion yen ($88 million) he earned at Nissan over five years from 2010. The company has also cited other, multiple infractions.

Ghosn and Kelly were ousted by the automaker on Thursday. Renault, Nissan’s alliance partner, stopped short of firing him at its chairman and interim leader but named Thierry Bollore, chief operating officer, as interim deputy CEO with the same authority as Ghosn at the French automaker.

Nissan aims to nominate a new chairman within a month or two, hopefully before its next board meeting slated for around Dec. 20, and a source familiar with the matter said.

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