Ex-Nissan Boss Carlos Ghosn will pay $1 million to settle illicit compensation claims

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Carlos Ghosn, who was chairman of Nissan and chairman and CEO of its alliance partner Renault, agreed to pay $1 million to the US Securities and Exchange Commission in order to settle claims that he concealed compensation received from the Japanese automaker.

Ghosn’s agreement took place on Monday morning, with different TV networks such as CNN and CNCBC pointing out that the embattled former auto executive will be able to get secured from these allegations, which form the basis of criminal charges against him in Japan.

In a statement, the US Securities and Exchange Commission said that Carlos Ghosn settled without denying or admitting the agency’s findings and allegations. Unlike the criminal charges he faces in the Asian nation, the agency’s lawsuit was a civil matter.

Carlos Ghosn was arrested in this country on November 2018 and charged with violating different financial laws by filing false statements related to his compensation at Nissan. He has denied any kind of wrongdoing in this matter and was removed from his positions on both companies soon after his arrest.

Article (c) Fourth Estate – All Rights Reserved.
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