Logo of Phnom Penh Post newspaper Phnom Penh Post - Ex-Nissan chief Ghosn ‘denies allegations’

Ex-Nissan chief Ghosn ‘denies allegations’

Content image - Phnom Penh Post
Nissan Motors Chairman and CEO Carlos Ghosn speaks during the company’s 2015 financial results press conference in Yokohama. Toshifumi KITAMURA/AFP

Ex-Nissan chief Ghosn ‘denies allegations’

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 sources.

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 on 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 sources.

Ghosn is being held in custody in a Tokyo detention centre.

On Wednesday, prosecutors successfully applied to extend his custody for an additional 10 days.

MOST VIEWED

  • First Khmer woman to pass out of West Point

    The life of a soldier certainly isn’t for everyone. The training is gruelling, the hours long and there’s no room for excuses. On top of that, soldiers must be ready to respond to sudden threats at a moment’s notice. Just ask Sithyka

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last