23:40 GMT +322 November 2019
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    Nissan Motor Co. Chief Executive Carlos Ghosn

    Tokyo Prosecutors Charge Carlos Ghosn for Underreporting Pay - Reports

    © REUTERS / Steve Marcus
    Asia & Pacific
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    Carlos Ghosn was arrested on 19 November over suspicions of financial misconduct, namely, of concealing around 8 billion yen ($71 million) of his income between 2010 and 2017.

    According to Japanese media reports, Tokyo prosecutors have charged Carlos Ghosn with underreporting his income.

    Prosecutors have not confirmed media reports, saying that they will brief the media later in the day.

    READ MORE: Nissan Stocks Slump After CEO Ghosn Arrest, Renault Searches for Interim Chief

    Japanese authorities could re-arrest him later in the day over separate allegations that he also underreported his income by another four billion over the past three years.
    According to Japanese law, suspects can be re-arrested several times for different charges.

    Earlier, the Tokyo District Public Prosecutor's Office questioned Carlos Ghosn after an internal investigation found he had underreported his salary to the company.

    On 25 November, media reported about the first testimony of Ghosn, who told investigators that he had no intention of concealing his income.

    Ghosn was buying luxurious real estate in Rio de Janeiro, Paris, Amsterdam, and Beirut worth tens of millions of dollars at the company's expense, according to media reports.

    For its part, Nissan said that it had launched an internal investigation into Ghosn and Greg Kelly, the company's representative director,a few months ago following a whistleblower report.

    Related:

    Nissan Stocks Slump After CEO Ghosn Arrest, Renault Searches for Interim Chief
    Nissan Ex-CEO Understates Salary by $27Mln, Faces New Criminal Case - Reports
    Nissan Board to Appoint New Chairman on Dec 17 After Ex-Chair's Arrest - Reports
    Tags:
    arrest, Renault-Nissan-Mitsubishi Alliance, Nissan, Carlos Ghosn, Japan
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