Ghosn's Downfall Sparks Questions on Links to Property, Expenses
- Nissan paid ‘huge sums’ for chairman’s homes: Japanese reports
- Prosecutors say $44 million in Ghosn’s income wasn’t declared
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Almost 24 hours after Carlos Ghosn’s shock arrest, details are emerging of the alleged financial transgressions that have the auto industry titan facing jail-time in Japan, throwing the car alliance that he built into turmoil.
Nissan Motor Co., one of three companies in the world’s biggest carmaking union, paid “huge sums” toward Ghosn’s residences in four cities around the world that weren’t justified by the business, Japanese broadcaster NHK said Tuesday. It also reported that Ghosn charged travel expenses for family vacations, amounting to tens of millions of yen, to a Nissan unit.