12/7/2018

Report: Ghosn to Be Indicted Next Week

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Former Nissan Motor Co. Chairman Carlos Ghosn will be indicted for grossly underreporting his compensation as soon as Monday, sources tell Reuters.

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Former Nissan Motor Co. Chairman Carlos Ghosn will be indicted for grossly underreporting his compensation as soon as Monday, sources tell Reuters.

Authorities in Japan have held Ghosn in custody since Nov. 19 on suspicion of financial wrongdoing. Reuters’ sources say prosecutors plan to re-arrest Ghosn on unspecified additional charges, thereby blocking his ability to post bail for as long as 20 more days.

Prosecutors also intend to indict Nissan for making false statements about Ghosn’s pay in their securities reports.

Finally, former Nissan Director Greg Kelly, suspected of colluding with Ghosn to falsify his pay reports, is expected to be indicted.

Ghosn was removed as chairman at Nissan and Mitsubishi Motors Corp. two weeks ago. He continues to chair Renault SA but lost his position as CEO of the French carmaker.


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