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Nissan's Ghosn crisis

Ghosn says $15m payment aimed at solving issues at Saudi dealers

Former Nissan chairman allegedly tapped company fund for payout to associate

Carlos Ghosn remains in jail after a fresh warrant for his arrest was issued on Friday.

TOKYO (Kyodo) -- Ousted Nissan Motor Co. Chairman Carlos Ghosn is suspected of using a Nissan fund to give a reward to an acquaintance who helped him in dealing with a personal investment incurring a huge loss, sources familiar with the matter said Saturday.

Ghosn allegedly paid $14.7 million to the Saudi Arabian acquaintance from Nissan's "CEO reserves," a fund pool intended for financing unexpected business operations not covered by the regular budget, they said.

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