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Ex-Nissan official Kelly denies plot to hide Ghosn's pay at trial

Defendant says he was only looking to retain talented CEO in first testimony

Former Nissan Motor director Greg Kelly, right, is accused of plotting to conceal then-CEO Carlos Ghosn's compensation.   © Kyodo

TOKYO -- Former Nissan Motor director Greg Kelly told a Tokyo court on Wednesday he did not conspire with then-CEO Carlos Ghosn to understate the auto boss's pay by tens of millions of dollars, in the long-awaited first testimony in his trial.

Prosecutors say Kelly, at Ghosn' behest, looked for ways for Ghosn to defer an undisclosed portion of his compensation. Kelly on Wednesday denied that documents produced by the prosecution amounted to a contract to pay Ghosn deferred compensation. Kelly said his only consideration was to retain the sought-after head of the Nissan-Renault alliance.

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