Financial Services

Ghosn received $9 mln improperly from Mitsubishi-Nissan JV -companies

FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo

TOKYO (Reuters) – Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture between Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T), the companies said on Friday.

A joint investigation by the companies has found that Ghosn, ousted as chairman from both automakers, received the compensation without discussing it with the two other board members of the joint venture, Nissan CEO Hiroto Saikawa and Mitsubishi Motors CEO Osamu Masuko.

Nissan holds a controlling stake in Mitsubishi Motors.

Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan on charges of under-reporting his salary for eight years through March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis.

($1 = 0.8780 euros)

Reporting by Naomi Tajitsu; Editing by Himani Sarkar


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