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December 7, 2018

Ghosn expected to be indicted on Monday – Nikkei

Tokyo prosecutors are expected to indict Carlos Ghosn, the former chairman of Nissan Motor and Mitsubishi Motors, along with former Nissan representative director Greg Kelly and Nissan Motor itself on Monday, the Nikkei business daily reported.

By Olly Wehring

Tokyo prosecutors are expected to indict Carlos Ghosn, the former chairman of Nissan Motor and Mitsubishi Motors, along with former Nissan representative director Greg Kelly and Nissan Motor itself on Monday, the Nikkei business daily reported.

According to Reuters, the Nikkei, citing unidentified sources, said Nissan and the two former executives would likely be indicted over misstatements in five annual reports through the fiscal year that ended in March 2015.

Ghosn and Kelly are also likely to be arrested on new claims of underreporting an additional three years' worth of salaries.

Reuters was unable to immediately reach Nissan representatives for comment.

Another Reuters report earlier this week, citing media reports, said Tokyo prosecutors planned to arrest Ghosn on a fresh claim of understating his income.

Citing a Sankei newspaper report on Tuesday, Reuters said the move could keep the former chairman of Nissan Motor and Mitsubishi Motors in detention until the end of the year.

Ghosn had been detained in Tokyo since his 19 November arrest on suspicion of conspiring with Kelly to understate his compensation by about half of the actual JPY10bn (US$88m) over five years from 2010.

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