US SEC Charges Nissan, Ex-CEO Ghosn With Hiding $140 Mn From Investors

Mohammad Ali (@ChaudhryMAli88) Published September 23, 2019 | 08:49 PM

US securities regulators on Monday charged Japanese automaker Nissan and its former CEO Carlos Ghosn with hiding more than $140 million in Ghosn's expected retirement income from investors

Washington, (APP - UrduPoint / Pakistan Point News - 23rd Sep, 2019 ) :US securities regulators on Monday charged Japanese automaker Nissan and its former CEO Carlos Ghosn with hiding more than $140 million in Ghosn's expected retirement income from investors.

Ghosn will pay $1 million in fines to settle the matter without admitting wrongdoing, and will be barred from serving as a corporate executive for 10years, the Securities and Exchange Commission said in a statement.

Nissan will pay a $15 million fine. The SEC also charged former board member Greg Kelly aiding in the fraud.