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Friday, November 23, 2018

Carlos Ghosn's under-reported income may reach $71 million

Carlos-Ghosn-AP
Under Japanese law, suspects in jail can face additional arrest warrants, which can impose heavier charges. 


Nissan's disgraced former chairman Carlos Ghosn under-reported his income by a total of $71 million - much more than initially suspected - Japanese media reported on Friday.

The Brazil-born tycoon is now reportedly set to face a new charge from prosecutors, after he was sacked as Nissan chairman on Thursday to top a spectacular fall from grace for the once-revered boss whose fall has stunned the business world.

Prosecutors arrested Ghosn on Monday, accusing him and fellow executive Greg Kelly of understating the former chairman's income by around five billion yen ($44 million) between June 2011 and June 2015.

But Ghosn is now suspected of under-reporting his income by another three billion yen for the following three fiscal years, the Asahi Shimbun and the Nikkei business daily reported.

Prosecutors are now planing to re-arrest him on charges of understating his income by a total of eight billion yen ($71 million) since June 2011, the Asahi said.




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