A Dutch joint venture between Nissan and Mitsubishi paid since-ousted Renault-Nissan alliance chairman Carlos Ghosn EUR7m (US$8million), media reports said.

According to Reuters, French paper Les Echos said Nissan and Mitsubishi in June 2017 set up joint venture Nissan Mitsubishi BV (NMBV) in the Netherlands to pay bonuses to staff and managers of the two carmakers.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The JV's top directors were not initially supposed to receive bonuses from the unit but in February 2018 – and without the knowledge of other directors – Ghosn was hired as an employee by the unit which made him eligible for payments, the paper reported.

A Nissan spokesman did not immediately respond to a Reuters request for comment.

Reuters had last week reported one of Ghosn's senior executives received an additional six-figure salary via the Dutch joint venture overseeing Renault's alliance with Nissan. There was nothing to suggest that the payments were illegal but they highlighted governance issues and potential conflicts of interest.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now