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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.

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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.”


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