Mexican Media Brands
Japan Tax Unit Says Ghosn Tapped Nissan Funds
Japan’s National Tax Agency reportedly ruled that former Nissan Motor Co. Chairman Carlos Ghosn spent $1.4 million of company funds on his own behalf.
#legal
Share
Japan’s National Tax Agency ruled that former Nissan Motor Co. Chairman Carlos Ghosn spent $1.4 million of company funds on his own behalf, according to the Yomiuri newspaper.
Sources tell the Japanese newspaper that Ghosn misappropriated 150 million yen of Nissan funds between 2011 and 2014 to pay his sister for bogus consulting work and to make a hefty donation to a university in Lebanon for no apparent business reason.
Ghosn deducted the spending as a corporate expense. But Yomiuri says the Tokyo Regional Taxation Bureau later ordered Nissan to pay a penalty on the amount, which it deemed a private-use expenditure.
The newspaper emphasizes that the incident isn’t part of multiple criminal charges of financial wrongdoing leveled against Ghosn, but says the matter does buttress Nissan’s claim that he misused corporate funds.
RELATED CONTENT
-
VW Exec Detailed in 2006 How to Evade Diesel Standards
A presentation prepared in 2006 by a high-level Volkswagen AG technology executive shows in detail how the company could cheat U.S. emission tests for diesels, according to multiple media reports.
-
U.S. Court Filing Claims Bosch Aided VW Diesel Cheating
Germany’s Robert Bosch GmbH actively aided Volkswagen AG’s efforts to cheat emission tests, according to a new court filing in the U.S.
-
Former VW Exec Schmidt Gets Maximum Sentence in Diesel Scandal
Oliver Schmidt—the former Volkswagen AG executive who pleaded guilty in August to lying about VW’s diesel pollution cheating—has received the maximum sentence of seven years in prison and a $400,000 fine.