Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris on Sept 15, 2017. (Reuters photo)TOKYO: Arrested auto executive Carlos Ghosn improperly received €7.8 million ($9 million) in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp, the companies said on Friday. Mr Ghosn denies the charges against him. Reuters reported earlier this week about the alleged improper compensation to Mr Ghosn by the joint venture and that Nissan was considering filing for damages, citing a source. The latest allegations are likely to add pressure on the Japanese automakers' partner Renault to cut ties with Mr Ghosn.

Source: Bangkok Post January 18, 2019 06:45 UTC