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Nissan's Ghosn crisis

Experts said pay reporting unnecessary, Ghosn aide says

Jailed Kelly claims he has proof in writing of outside legal advice

Greg Kelly, left, is said to have orchestrated the fund misuse on Carlos Ghosn's behalf. (Kelly photo courtesy of Nissan; Ghosn photo by Reuters)

TOKYO -- Outside experts assured then-Nissan Motor Chairman Carlos Ghosn and his deputies in writing that there was no need to list deferred compensation in financial reports, a former Nissan executive reportedly has told prosecutors.

Greg Kelly, under arrest along with his ex-boss on charges of helping to underreport Ghosn's pay, told prosecutors that he handled the compensation disclosure by seeking counsel from outside law firms and Japan's Financial Services Agency, according to sources familiar with the matter.

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