Hindustan Times (Jalandhar)

Ghosn denies financial misconduct allegation­s

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Nissan’s former chairman Carlos Ghosn has denied allegation­s of financial misconduct, claiming he had no intention of making false reports, Japanese media said on Sunday.

The Brazil-born tycoon, who has not spoken publicly since he was arrested last Monday, told prosecutor­s he did not intend to understate his income on financial reports, public broadcaste­r NHK said.

Without exercising his right to remain silent, Ghosn advocated his view to prosecutor­s, NHK said, quoting unnamed officials.

Ghosn was sacked as Nissan chairman on Thursday, a spectacula­r fall from grace for the once-revered boss whose arrest and ouster have stunned the business world.

Prosecutor­s accuse Ghosn and fellow executive Greg Kelly of under-reporting the former chairman’s income by around five billion yen ($44 million).

Kelly also denied the allegation­s, saying Ghosn’s salaries were paid appropriat­ely, news reports said.

Local media reported Sunday that Nissan had formed a “secret” team earlier this year to probe the alleged financial misconduct.

A small team involving Nissan’s board members carried out its internal probe confidenti­ally on concerns about possible destructio­n of evidence by Ghosn, Japan’s Kyodo News reported, quoting unnamed officials.

Ghosn is being held custody in a Tokyo detention centre.

 ?? AFP/FILE ?? Carlos Ghosn was sacked as Nissan chairman on Thursday, a spectacula­r fall from grace for the oncerevere­d boss whose arrest and ouster have stunned the business world
AFP/FILE Carlos Ghosn was sacked as Nissan chairman on Thursday, a spectacula­r fall from grace for the oncerevere­d boss whose arrest and ouster have stunned the business world

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