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Nissan's Ghosn crisis

Ghosn, Kelly and Nissan face fresh woes as SESC files new case

Former chairman fights charges of breach of trust in misstating pay

Carlos Ghosn Nissan
Japan's SESC has once again filed a case against Carlos Ghosn. (Photo by Keiichiro Asahara) 

TOKYO - Japan's Securities and Exchange Surveillance Commission has filed yet another case against Nissan Motor's former Chairman Carlos Ghosn, along with former representative director Greg Kelly and the company itself. The watchdog suspects they engaged in financial misconduct, in which Ghosn's compensation was underreported in the three years until March 2018.

The Tokyo District Court is expected to indict Ghosn and Kelly, as well as Nissan, for the same crime on Friday, while Ghosn is likely to also face indictment on a charge of breach of trust.

The SESC filed a similar case against Ghosn and Kelly in December over the misstatement of compensation in Nissan's financial reports during the five years until March 2015. A separate case was filed against Nissan for the same crime over the four years aside from fiscal year 2011 due to the statute of limitations.

Prosecutors have already indicted the two executives and Nissan for violating Japan's financial instruments law.

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