Nissan Faces $22Million Fine For Misreporting Ghosn Pay
December 10, 2019
3:46 pm
Nissan should be fined $22 million for filing documents that under-reported the compensation of former chief Carlos Ghosn, Japanese regulators recommended Tuesday, with troubled the firm saying it would not dispute the penalty.
The Securities and Exchange Commission (SESC) made the recommendation as Ghosn, who was arrested in November last year, awaits trial in Tokyo on four charges of financial misconduct.
Among the allegations against him are claims that he under-reported his compensation from 2010 to 2018, deferring some of his pay and failing to declare it to shareholders.
Ghosn denies all the charges against him and has argued there …
