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.

more photos...
  • 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?

New Concept Car Is Citroen’s Vision Of Comfort, Features AI, Electric Powertrain

The new Citroen Concept will be unveiled at Vivatech in Paris, on May 16, alongside the Ami One.

Tesla Model S Seems To Self-Combust While Sitting In A Parking Lot

The blaze destroyed the Tesla Model S and at least two other vehicles parked close to it.

Uber’s Self-Driving Unit To Be Spun Off After Toyota, Denso, Softbank Investments

Following this investment, the Uber Advanced Technologies Group has been valued at $7.25 billion.

Police Officer Stops California Highway Traffic, SUV Driver Totally Ignores Him

The police officer halted traffic to remove an exercise machine from the road, but not everyone stopped.

Lamborghini Urus Is Quite Impressive – But Is It A Real Lambo?

Lambo’s super SUV may go like crazy, but it could do without some niggles not befitting a $200k car.

Small Changes Make Pontiac Aztek Look Nicer. Just Kidding – It’s Still Ugly As Sin

The Pontiac Aztek simply cannot be made to look nice, no matter how hard you may try.

1,100 WHP Nissan GT-R Clocks 235 MPH Top Speed With Ease

With a different final drive, this heavily tuned GT-R might have been able to crack the 250 mph mark.

Porsche 911 GT3 And GT3 RS Go To War At The Drag Strip

Both the 911 GT3 and GT3 RS can clock 10-second quarter mile times – but the winner is…

Pickup Truck Tries To Cross To The Opposite Lane, Ends Up Slamming Into Camry

We imagine this pickup truck driver in Canada was left rather red-faced after this crash.

2019 Mercedes-Benz CLA: More Than Just A Pretty Face?

The second-gen CLA is certainly more stylish than its predecessor, but has it improved in other areas too?.