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Prosecutors set to indict Ghosn and Nissan as CEO's role in focus: sources
Tokyo prosecutors are due to indict ousted Nissan Motor Chairman Carlos Ghosn as well as the automaker itself on Monday, sources said, intensifying scrutiny of CEO Hiroto Saikawa's role in the financial misconduct scandal.
Ghosn was arrested on Nov. 19 on suspicion of conspiring to understate his compensation by about half of the actual 10 billion yen ($88 million) over five years from 2010. Nissan has said the misconduct was masterminded by the once-celebrated executive with the help of former Representative Director Greg Kelly.
Tokyo authorities plan to re-arrest the two executives, the sources said, declining to be named as they were not authorized to speak with media. Media reports have said the fresh crime was for three additional years of under-reported income. The two would then remain in custody without bail. Nissan itself is also likely to be indicted for making false statements in an annual report, they said. A separate source said there were concerns running through the company that Chief Executive Hiroto Saikawa and others may also be indicted.
Earlier, Nissan sought to block Carlos Ghosn from accessing his company-owned apartment in Rio de Janeiro, fearing that he would remove or destroy evidence related to his misconduct.
(Score: 0) by Anonymous Coward on Monday December 10 2018, @04:31PM (3 children)
how much money someone makes is none of the governments fucking business. if i had $88 million the tax agency wouldn't even exist.
(Score: 0) by Anonymous Coward on Monday December 10 2018, @04:52PM
Famous last words
(Score: 1, Insightful) by Anonymous Coward on Monday December 10 2018, @09:05PM (1 child)
>how much money someone makes is none of the governments fucking business.
Actually it does matter. 'Winner takes all' (and CEO's like this playing this game) causes a lot of social disorder, unrest and poverty that the government ends up having to pay for.
Japan (and some other socialist countries) take more effort than the USA to ensure that pay is equitably distributed among those who produce the wealth. This reduces poverty, and ensures that whole impoverished underclasses and ghettos don't exist in Japan (which pretty much they don't) in the way they do in the USA. This used to be the way it was in the USA by the way too back in the 50s and 60s, and arguably the middle class was much better off then than it is now..
It is absolutely the government's business.
(Score: 3, Insightful) by PartTimeZombie on Monday December 10 2018, @09:26PM
While your comment is +1 Insightful, you really shouldn't feed the trolls.
is only one step away from OMG! VOLUNTARY CONTRACTS ONLY!!11!! and MEN WITH GUNS!!11!!
and other such childish libertarian nonsense.