Ex-Nissan chairman Ghosn denies understating salary

Carlos Ghosn, who was recently ousted as Nissan Motor Co. chairman after being arrested for the alleged understatement of his remuneration in securities reports, has denied the charge, sources close to the matter said Sunday.

No comments from Ghosn have been made public since his arrest on Monday by Tokyo prosecutors on suspicion of underreporting his pay package by around 5 billion yen ($ 44 million) for five years through fiscal 2014. He received nearly 10 billion yen during that period.

Greg Kelly, former Nissan representative director who was arrested for allegedly conspiring to understate Ghosn’s remuneration, has also denied the allegation, according to the sources.

Ghosn and Kelly were dismissed at an emergency Nissan board meeting Thursday.

Related coverage:

Ghosn’s aide denies underreporting chairman’s salary: source

Ghosn’s understated remuneration may reach 12 bil. yen: sources

Nissan’s Ghosn suspected of using firm’s overseas houses for free

Ghosn’s arrest stirs anger, dismay among Nissan workers

All — Kyodo News+

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