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Former Nissan chairman denies allegations that led to austerity: report

November 25, 2018 Business 3 Views Formerly Nissan Co. chairman Carlos Ghosn on Sunday rejected allegations that he underreported his…

Formerly Nissan Co. chairman Carlos Ghosn on Sunday rejected allegations that he underreported his income, which led to his oyster last week.

Reuters quoted a report from the Japanese public broadcaster NHK, who said Ghosn denied allegations, though he

Reuters reported that former Nissan executive Greg Kelly, arrested on the same day as Ghosn on similar charges, defended his compensation .

The Japanese car manufacturer said last week that the company had conducted an internal investigation in recent months, with a whistleblower report. The subsequent investigation showed that Ghosn incorrectly reported his income to make it look, allow it.

The investigation also found “many other significant actions of maladministration”, including personal use of corporate assets, Nissan said.

The company announced that the board had voted to dismiss Ghosn and Kelly.

The automaker said it would set up a special committee to strengthen its rules on directors’ compensation and an advisory panel of external board members to assist in seeking a new chairman.


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