Carlos Ghosn has been indicted in Japan on charges of under-reporting his salary for eight years. Reuters
Carlos Ghosn has been indicted in Japan on charges of under-reporting his salary for eight years. Reuters

Carlos Ghosn faces new allegations of improperly receiving $9m from Nissan-Mitsubishi joint venture



Arrested auto executive Carlos Ghosn improperly received €7.8 million ($9m) in compensation from a joint venture between Nissan and Mitsubishi, the companies claimed on Friday.

A joint investigation found that Mr Ghosn, ousted as chairman from both automakers, was compensated by the Netherlands-based joint venture without any discussion with two other board members - Hiroto Saikawa, chief executive of Nissan, and Osamu Masuko, chief executive of Mitsubishi.

Nissan holds a controlling stake in Mitsubishi Motors.

Mr Ghosn has denied the charges against him. His lawyer, Motonari Otsuru, could not immediately be reached for comment on Friday.

Mr Ghosn, arrested and detained in Tokyo since November 19, has been indicted in Japan on charges of under-reporting his salary for eight years leading up to March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis.

It was reported earlier this week about the alleged improper compensation to Mr Ghosn by the joint venture and that Nissan was considering filing for damages.

Nissan said on Friday that it would consider ways to recover the full amount from Mr Ghosn, and Mitsubishi said it would consider ways to hold him responsible.

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Read more:

France rounds on Ghosn as government calls for his ousting from Renault

Wife of Carlos Ghosn writes letter to draw attention to his 'harsh' treatment

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The latest allegations are likely to add pressure on the Japanese automakers' partner Renault to cut ties with Mr Ghosn. Unlike Mitsubishi and Nissan, Renault has kept Ghosn as chief executive and chairman, but its biggest shareholder, the French government, is keen to replace him.

The French automaker holds around 43 per cent of Nissan, the biggest partner in the alliance by sales. Mitsubishi became the smallest member of the three-way auto-making alliance when Nissan took a 34 per cent stake in the company in 2016.

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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2018 ICC World Twenty20 Asian Western Regional Qualifier

Saturday results
Qatar beat Kuwait by 26 runs
Bahrain beat Maldives by six wickets
UAE beat Saudi Arabia by seven wickets

Monday fixtures
Maldives v Qatar
Saudi Arabia v Kuwait
Bahrain v UAE

* The top three teams progress to the Asia Qualifier

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9.25pm: Handicap (T) | $175,000 1,400m

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
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UAE currency: the story behind the money in your pockets

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