Tokyo prosecutors on Monday indicted former Nissan Motor Co. Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly breaching the Financial Instruments and Exchange Act by making misstatements in its securities reports.
The indictment comes three weeks after Ghosn, 64, was arrested on suspicion of under reporting about ¥5 billion of his remuneration in the company’s financial statements during the five years through March 2015.
Kelly, formerly representative director at Nissan, was arrested with Ghosn on Nov. 19 for allegedly conspiring to understate the former chairman’s remuneration by about half its full value for the five-year period from April 2010. Ghosn is accused of reporting only ¥5 billion of his ¥10 billion remuneration in the financial statements for the period.
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