The Latest on charges against former Nissan Motor Co. chairman Carlos Ghosn following his arrest on suspicion of underreporting income (all times local):
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4:55 p.m.
Nissan Motor Co. says in a statement that it is taking “extremely seriously” charges made against it, its former chairman Carlos Ghosn and another executive.
The automaker issued the statement Monday after it, Ghosn and Greg Kelly were indicted on charges of violating the Japan Financial Instruments and Exchange Act, by allegedly making false disclosures in annual securities reports.
It said, “Nissan takes this situation extremely seriously. Making false disclosures in annual securities reports greatly harms the integrity of Nissan’s public disclosures in the securities markets, and the company expresses its deepest regret.”
The statement said Nissan would work to improve its corporate governance and compliance, “including making accurate disclosures of corporate information.”
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4:30 p.m.
Tokyo prosecutors charged Nissan’s former chairman Carlos Ghosn, another executive and the automaker itself with underreporting income.
The charges imposed Monday involve allegations Ghosn’s pay was underreported by about 5 billion yen ($44 million) over five years. The prosecutors had said earlier that the allegations were behind Ghosn’s Nov. 19 arrest.
The prosecutors added a new set of allegations Monday against Ghosn and Greg Kelly, the other executive, of underreporting another 4 billion yen ($36 million) for more recent years. Nissan as a company was not mentioned in the latest allegations.
In Japan, a company can be charged with wrongdoing.
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4 p.m.
Japanese media say prosecutors have added to charges against Nissan’s former chairman Carlos Ghosn, extending his detention following his arrest on Nov. 19.
Meanwhile, the Securities and Exchange Commission said it had filed criminal complaints against Ghosn and another Nissan executive, Greg Kelly.
A commission official said Monday that Nissan, Ghosn and Kelly were suspected of falsifying millions of dollars’ worth of Ghosn’s income. In Japan, a company can be charged with wrongdoing.
Kyodo News Service and other Japanese media reported Monday that prosecutors added more allegations of underreported income. The fresh allegations allow them to extend the period of Ghosn’s detention.
Some kind of action by the prosecutors had been expected as the detention period allowed for the allegations disclosed earlier ends on Monday.
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2:30 p.m.
Japanese media say Tokyo prosecutors have charged Nissan former chairman Carlos Ghosn with underreporting his income. Another executive and Nissan Motor Co. also were charged.
Prosecutors would not immediately confirm the reports Monday by Kyodo News service and other media. They were due to brief media later in the day.
The prosecutors say Ghosn is suspected of underreporting his income by 5 billion yen ($44 million) over five years. In Japan, a company can be charged with wrongdoing.
Some kind of action by the prosecutors had been expected as the detention period allowed for the allegations disclosed so far ends on Monday.
Nissan executive Greg Kelly is suspected of having collaborated with Ghosn. Kelly’s attorney in the U.S. says he is asserting his innocence.
Ghosn has not commented.
