- Home
- World
- News
- Ex-Nissan CEO Ghosn Spent Company's Funds to Cover Expenses for Private Events - Reports
Ex-Nissan CEO Ghosn Spent Company's Funds To Cover Expenses For Private Events - Reports
Faizan Hashmi Published January 16, 2020 | 05:32 PM
Carlos Ghosn, the former Nissan CEO who recently fled from Japan to Lebanon while under house arrest, used the company's money for organizing private events abroad, media reported on Thursday, citing a fresh Nissan report
MOSCOW (UrduPoint News / Sputnik - 16th January, 2020) Carlos Ghosn, the former Nissan CEO who recently fled from Japan to Lebanon while under house arrest, used the company's money for organizing private events abroad, media reported on Thursday, citing a fresh Nissan report.
The report that has recently been presented to the Tokyo Stock Exchange by Nissan said that the Amsterdam-based joint venture, Renault-Nissan BV, a management company owned by the Renault-Nissan-Mitsubishi Alliance previously chaired by Ghosn, provided money for a party in the Palace of Versailles in France and covered expenses for guests' attendance at Rio de Janeiro's Carnival, according to the Kyodo news agency.
Ghosn's detention is related to accusations that he significantly underreported his income during his time as a chairman of the Renault-Nissan-Mitsubishi Alliance. Ghosn claimed that he was paid 7.8 billion Yen ($71 million) in salary from 2010-2018, but prosecutors allege that he was in fact paid 17 billion yen.
On New Year's Eve, Ghosn issued a statement, saying that he had arrived in his home country of Lebanon. Japan's investigative bodies sent a request to the International Criminal Police Organization (Interpol) to issue a Red Notice wanted persons notice for Ghosn, which led to a court in Lebanon banning the ex-CEO from leaving the country.
Related Topics
Recent Stories
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
More Stories From World
-
In Brazil, hopes to use AI to save wildlife from roadkill fate
12 minutes ago -
Taiwan hit by dozens of strong aftershocks from deadly quake
22 minutes ago -
Ambassador Hashmi visits Linyi city in Shandong province
42 minutes ago -
Norway women bring seaweed to culinary heights in Europe
52 minutes ago -
Ukrainian agriculture minister suspected in corruption scandal
1 hour ago -
China issues highest-level rainstorm warning after deadly floods
1 hour ago
-
London stock market hits record high
2 hours ago -
Five migrants die attempting Channel crossing: French police source
2 hours ago -
Migrant detentions set to begin after parliament passes UK-Rwanda plan
2 hours ago -
China slams US claims it is fuelling Ukraine war
2 hours ago -
More than 50,000 displaced by clashes in northern Ethiopia: UN
2 hours ago -
N. Korea's Kim oversees 'nuclear counterattack' drill
2 hours ago