Monday , March 8 2021

Witness: Ghosn hid part of his salary in “Nissan” in order not to leave “Renault”



Witness: Ghosn hid part of his salary

Reuters

Carlos Ghosn

Harry Nada, the director of the Japanese company, Nissan, told the court in Tokyo that Carlos Ghosn hid his real salary in Nissan to prevent the French side from forcing Renault to leave.

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Nada testifies in the trial of former Nissan CEO Greg Kelly, accused of helping Ghosn hide 9.3 billion yen ($ 89 million) of its revenue and financial compensation more than eight years after Japan implemented new rules allowing managers payments reported above One billion yen.

Ghosn was one of the most prominent managers in the auto sector, chairman of the Renault-Nissan-Mitsubishi alliance.

He denies wrongdoing and says he was the victim of a coup in the board of directors by former “Nissan” colleagues who feared he would seek to merge “Nissan” and “Renault”.

Source: Reuters




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