News 18 january — 17:23

Ghosn received $9 million improperly from Nissan-Mitsubishi JV

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 Carlos Ghosn improperly received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors, the Japanese automakers said on Friday, raising the possibility of their ousted chairman facing a fresh charge of embezzlement, Reuters reports.

In the latest twist to the saga of the once-feted official’s fall from grace, the automakers have found that Ghosn was paid by their Netherlands-based JV without the knowledge of the unit’s two other directors - Nissan Motor (7201.T) CEO Hiroto Saikawa and Mitsubishi Motor (7211.T) CEO Osamu Masuko.

Ghosn, arrested and detained in Tokyo for about two months, has already been indicted on charges of under-reporting his income for eight years at Nissan through March 2018, and temporarily transferring personal investment losses to the automaker during the global financial crisis.

“That such misconduct also occurred at our affiliate is beyond shocking ... it’s sad,” Masuko told reporters, referring to the payments made to Ghosn from Nissan-Mitsubishi B.V., registered in the Netherlands in 2017.

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