Carlos Ghosn has been charged with failing to declare ¥5 billion in compensation to Japanese regulators. The car company has also been charged KIMIMASA MAYAMA/EPATokyo prosecutors have charged Carlos Ghosn, the former head of Nissan, with hiding £35 million in pay and immediately rearrested him for a similar offence. As had been widely expected, Mr Ghosn, 64, and an American Nissan executive, Greg Kelly, 62, have been charged with under-reporting to Japanese regulators his financial compensation between 2010 and 2015. The prosecutors believe that he concealed about ¥5 billion (£35 million) in deferred compensation to be paid after retirement, thereby doubling his declared salary. According to Japanese media reports, and a lawyer for Mr Kelly, the amount of the post-retirement payments had not been finalised and Mr Ghosn was therefore not under an obligation to declare it under Japan’s disclosure laws.

Source: The Times December 10, 2018 09:00 UTC