Nov 25, 2018

Carlos Ghosn 'denies' Nissan misconduct claims

AFP Former Nissan chairman Carlos Ghosn has denied misconduct allegations, according to media reports in Japan. Greg Kelly, a former Nissan executive arrested along with Mr Ghosn, was quoted by NHK as defending his boss's compensation, saying it was discussed with other officials and paid out appropriately. Nissan reportedly formed a "Secret" team earlier this year to look into alleged financial misconduct by Mr Ghosn, who had been hailed a hero in Japan for turning around the ailing Nissan. Mr Ghosn is thought to have planned a full merger of the carmakers, something that some Nissan executives feared could see their company reduced to a junior partner. Separately, Nissan is considering filing a civil damages suit against Mr Ghosn over his expenses and alleged use of company money to buy property, Japan's Kyodo News reported.

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