Nissan spent $ 200 million to investigate Carlos Ghosn

Nissan spent $ 200 million to investigate Carlos Ghosn

January 9, 2020 0 By autotimesnews

Ex-head of Renault – Nissan – Mitsubishi spoke about the details of a case involving charges of financial fraud

Investigation of the financial fraud of the former head of Renault – Nissan – Mitsubishi Carlos Ghosn cost Nissan about $ 200 million. The former top manager spoke about this at his first press conference after escaping from custody in Japan.

Nissan concluded that Ghosn had deliberately underestimated the amount of his payments from the company for a long time in order to avoid taxes. So, from 2011 to 2015, he allegedly earned about $ 89 million, but at the same time he declared only half of them. Ghosn was also accused that he was able to hide another $ 37 million in revenue between 2015 and 2017.

In addition, it turned out that in 2008, the company for managing its personal assets suffered losses of about $ 16.7 million and allegedly compensated these funds at the expense of Nissan. Japanese media also reported that Ghosn had many fictitious firms through which he allegedly transferred Nissan funds. On accusations made in Japan by Ghosn, courts in 99% of cases reach a guilty verdict.

At a press conference, Ghosn openly accused Nissan’s leadership that the case against him was fabricated with the help of the Japanese government. He called everything that happened political persecution and a gross violation of human rights. He said that Nissan’s actions almost destroyed the world’s largest alliance, calling the current relationship between the companies a “masquerade”. According to Ghosn, since his arrest in November 2018, Nissan has been losing $ 40 million daily, and Renault – € 20 million each.