Nissan has said that it will dismiss Ghosn, who is also chairman of Renault SA and Mitsubishi Motors Corp., as chairman, at a board meeting among multiple "serious misconducts," and believes the undeclared earnings were used for personal reasons by Ghosn.
Greg Kelly, a representative director at Nissan, was also arrested Monday on allegations of violating Japan's Financial Instruments and Exchange Law and Nissan has said Kelly will also be dismissed for his involvement in improper financial practices in direct cahoots with Ghosn.
Ghosn's improprieties, according to Nissan, came to light several months ago, following a whistleblower reporting the chairman's misconduct and an internal investigation being launched thereafter.
Ghosn, as the scandal continues to widen, is also alleged to have pocketed money allocated for other executives at Nissan, sources here said Tuesday.
According to the latest revelations, Nissan Motor previously used to pay to its executives nearly 1.01 billion yen (9 million U.S. dollars) less than the amount its annual shareholders' approved.
Tokyo prosecutors suspect that part of the amount may have been pocketed by Ghosn himself as every year the actual amount paid to the executives was one third less than was agreed by the shareholders.
Ghosn was reportedly in control over who and how much the executives got paid.
Ghosn, a heavyweight game-changer in the auto industry and formally revered in Japan for his effective turnaround of Nissan from near-bankruptcy to a thriving company and highly regarded by his employees and international peers, was paid a whopping 1.098 billion yen (9.77 million U.S. dollars) for the financial year ended March 2017 and 735 million yen (6.54 million U.S. dollars) for the following year, Nissan's annual securities reports showed.
【国际英语资讯:Spotlight: Nissan chairman Ghosns fall from grace sees further allegations of double-deali】相关文章:
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