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

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro