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posted by martyb on Monday December 10 2018, @02:12PM   Printer-friendly
from the Shocked!-Shocked-I-say! dept.

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.


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  • (Score: 2) by PartTimeZombie on Monday December 10 2018, @09:29PM

    by PartTimeZombie (4827) on Monday December 10 2018, @09:29PM (#772577)

    The Nissan Leaf is very popular around my way also.

    Surely they've invested huge amount of money tooling up to produce them, so wouldn't want to back out of that? Assuming Nissan makes money selling them of course.

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