ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nissan's Ghosn crisis

Ghosn paid 2 more acquaintances $48m with Nissan money

Payments to Middle East associates were dispensed from 'CEO reserve'

Tokyo prosecutors suspect former Nissan Motor Chairman Carlos Ghosn of using the automaker's "CEO reserve" for personal payments. (Photo by Makoto Kawakami)

TOKYO -- Carlos Ghosn paid nearly $50 million to businesses run by two Middle Eastern acquaintances from the cash reserve at the center of breach of trust allegations against the former Nissan Motor chairman, sources familiar with the matter told Nikkei.

Nissan dealers in Oman and Lebanon received $32 million and $16 million, respectively, through Dubai-based Nissan Middle East, the sources said. This occurred around the same time that Ghosn paid a total of $14.7 million to a business run by Saudi associate Khaled al-Juffali, allegedly as compensation for help covering personal losses in the wake of the 2008 financial crisis.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more