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Regarding further violation of Japan’s Companies Act by former Nissan chairman

Nissan Motor Co., Ltd. has filed a criminal complaint against former Chairman Carlos Ghosn related to an aggravated breach of trust under the Companies Act

Nissan Motor Co., Ltd. has filed a criminal complaint against former Chairman Carlos Ghosn related to an aggravated breach of trust under the Companies Act.

Nissan filed the complaint after determining that payments made by Nissan to an overseas vehicle sales company via a subsidiary were in fact directed by Ghosn for his personal enrichment and were not necessary from a business standpoint.

Such misconduct is completely unacceptable, and Nissan is requesting appropriately strict penalties.

Nissan takes this unfortunate situation very seriously and again expresses sincere regret for any concern caused to our valued stakeholders.

SOURCE: Nissan

https://www.automotiveworld.com/news-releases/regarding-further-violation-of-japans-companies-act-by-former-nissan-chairman/

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