AFP, TOKYONissan Motor Co should be fined US$22 million for filing documents that underreported the compensation of former chief executive Carlos Ghosn, Japanese regulators said yesterday, with the troubled firm saying it would not dispute the penalty. Ghosn denies all the charges against him and has argued there was no final agreement on any deferred payments. Nissan also faces charges over the alleged underreporting of Ghosn’s income. The fine covers underreporting between financial years 2014 and 2017, the commission said. Nissan said in a statement that it took the recommendation “extremely seriously” and would “consider its response” after receiving a formal notice from the agency.

Source: Taipei Times December 10, 2019 15:56 UTC