Nissan Claims Carlos Ghosn Took Home $9 Million In Improper Payments

Shortly after it was revealed that the French government is seeking to remove Carlos Ghosn from his post as Renault’s CEO, both the latter ans Nissan and have claimed that Ghosn received improper payments of €7.8 million ($8.9 million) via joint venture between the automakers.

Nissan asserts that Ghosn received a healthy compensation package from the Netherlands-based joint venture but signed the contract without consulting Nissan chief executive Hiroto Saikawa and Mitsubishi chief executive Osamu Masuko, BBC reports.

“Nissan views the payments Ghosn received from [the joint venture company] to be the result of misconduct and will consider measures to recover from Ghosn the full sum,” the automaker said in a statement.

These revelations are just the latest in a series of controversies surrounding Ghosn to have emerged in recent weeks.

The former industry-leading executive who was credited with turning Nissan’s fortunes around has been charged with financial misconduct and breach of trust and remains under detention in Japan. He is accused of hiding his true compensation from Japanese authorities and failing to disclose almost $80 million in payments between 2010 and 2018.

Shortly after the allegations were made public, Ghosn was stripped of his executive roles at Nissan and Mitsubishi. However, he has remains Renault chairman and chief executive since his arrest in November – something that may change very soon.

The French government owns a 15 per cent stake in Renault and is reportedly requesting a board meeting to discuss potential candidates to replace him as Renault chief executive. Thierry Bollore is acting as an interim chief executive for the moment.

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  • charlotteharry57

    It looks like Renault is about to hire an executive from Michelin to replace him. Nissan/Mitsubishi need do the same (if they haven’t already). And then dissolve the partnership. Nissan/Mitsu goes one way, Renault the other…

    • DetrinKD

      It would be completely unwise for them to separate at this point. They are very intertwined with one another. I think the partnership can be a healthy one and if managed properly could strongly benefit both sides. But I do feel Nissan needs to get back to its core, sportier and reliable cars. The CVT thing needs to be dialed back also.

  • ErnieB

    And there went Mr. Bean..

  • ➡️ProtectOurHeritage⬅️

    Japanese corporations are some of the most corrupt in the world. Nissan can claim a lot of stuff, but they they do need some evidence if they are to be believed.

    • assassingtr

      It really seems like they’re just pissed they didn’t get any compensation of that 9 mil bonus. Now they’re shooting from the hip and making shit up as they go with “evidence” somewhere.

  • GobbleUp

    D bag.

  • DetrinKD

    Interesting… I was getting a little skeptical being that everything was coming from Nissan and thinking it was a coup, but now that the French govt. is in this maybe there’s some substance to all of this. But I would think both the French and Japanese govt. would neither be extremely excited about an all out merger. Maybe Ghosn ignored both of their disdain for a merger and it ruffled their feathers…

  • Liam Paul

    why is it, japan feels they do not need to show us the evidence? I am sorry I would never buy a car from a auto manufacturer who does this to their own , esp one who saved their sorry azzes

  • Perry F. Bruns

    At least he’ll still have a career as a Mr Bean impressionist to fall back on.

  • Andrew Ngo

    These things happened from 2010 to 2018? Who is the company’s auditor?

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