POST Online Media Lite Edition


Nissan to pay $22 million fine over Ghosn compensation scandal

Christian Fernsby |
The Financial Services Agency said it ordered Nissan Motor to pay ¥2.42 billion ($22 million) in fines for underreporting the remuneration of former Chairman Carlos Ghosn and other executives for years.

Article continues below

Topics: NISSAN    FINE    GHOSN   

The penalty, recommended by the Securities and Exchange Surveillance Commission, was initially expected to reach ¥4 billion, based on the amount of pay left out of the documents Nissan submitted, but the automaker asked the watchdog for a reduction as it reported the matter before the investigation got fully underway. The SESC accepted Nissan’s request.

Nissan said the same day it will “take the decision sincerely.”

What to read next

SEC settles with Nissan, former CEO Carlos Ghosn, and former director
Nissan Korea fined $13,200 for doctoring emissions data
Over $100,000 in restitution from auto dealership for illegal fees