Tuesday, March 19, 2019

The president of Nissan, formally accused in Japan of tax offense

The president of Nissan, formally accused in Japan of tax offense



The Prosecutor's Office argues that Carlos Ghosn did not justify the 38 million public subsidies and extends the responsibility to the car company itself



  The Office of the Prosecutor of Japan has formally accused the former president of Nissan, Carlos Ghosn , of having declared less than real income as head of the car company, specifically only half of the 76.5 million euros he received from 2010 until 2015 , according to the note from the Office of the Prosecutor.

Thus, it has been decided to extend his detention - which has already lasted almost a month - because it is suspected that he could have committed another fiscal crime. But the accusation comes to the company itself , which allegedly published false financial reports on the income of Ghosn, and another manager of the firm, Greg Kelly, for its connection with the events that led to the powerful prisoner of the automotive sector.

In addition, additional charges have also been filed against the president of the Renault-Nissan-Mitsubishi alliance for alleged crimes linked to his remuneration in three more years , until March 2018.

After hearing the accusation against Carlos Ghosn, Greg Kelly and against the company itself, Nissan said that both directors were formally accused of violating Japan's Financial and Exchange Instrument Law, for having made false disclosures in their annual reports and explained that they take this situation "extremely seriously". "Making false disclosures in annual reports greatly harms the integrity of Nissan's public disclosures in the securities markets , and the company expresses its deepest regret," they added from the company.

Ghosn was dismissed as president of Nissan a few days after his arrest, as well as Mitsubishi, where Nissan is the largest shareholder. However, he continues as president and CEO of the French Renault, although temporarily replaced by another manager.

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