Nissan chairman suspected of further improprieties regarding overseas homes

Source: Xinhua| 2018-11-20 18:02:11|Editor: Shi Yinglun
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TOKYO, Nov. 20 (Xinhua) -- Nissan Motor Co. Chairman Carlos Ghosn is suspected of having been provided with houses in four different countries purchased by Nissan but without legitimate business reasons, sources close to the matter said Tuesday, as part of his alleged financial transgressions which have widened since his arrest a day earlier.

The houses, according to the sources, are located in Rio de Janeiro, Beirut, Paris and Amsterdam and the costs should have been recorded in securities reports as part of Ghosn's hefty remuneration package received from Nissan, Tokyo prosecutors said.

According to Japan's public broadcaster NHK, Nissan, it is claimed, paid billions of yen in costs to a third party company that owns the houses and it is believed that Ghosn himself paid only a fraction of the rent.

Among his alleged financial improprieties including understating his pay package by a total of around 5 billion yen (44 million U.S. dollars) over a five-year period from 2011, in violation of Japan's Financial Instruments and Exchange Act, the 64-year-old made no mention in his financial report to the Tokyo Stock Exchange of his shady use of the firm's overseas properties.

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