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Nissan's Ghosn crisis

Ghosn's undisclosed pay said to reach $71m over 8 years

Former Nissan chief allegedly hid full remuneration longer than initially reported

Ousted Nissan Chairman Carlos Ghosn was concerned about criticism from the French government over his pay. (Photo by Keiichiro Asahara)

TOKYO -- Just-ousted Nissan Motor Chairman Carlos Ghosn underreported his cash compensation by about 8 billion yen ($71 million) over the eight years through March, sources familiar with the matter told Nikkei on Thursday, revealing that he may have hidden his full pay longer than previously thought.

Ghosn was arrested Monday by Tokyo prosecutors on suspicion of understating his pay in securities filings by about 5 billion yen for the five years through March 2015 in violation of Japan's Financial Instruments and Exchange Act.

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