Carlos Ghosn Had Nissan Pay for Houses, Vacations and Donations

As the investigation into the wrongdoing of auto industry leading figure Carlos Ghosn continues, more and more details about the executive’s misconduct are made public via unofficial channels.
Carlos Ghosn 1 photo
Photo: Nissan
Ghosn was arrested last week in Tokyo following an investigation which appears to show he has underreported several tens of millions of dollars with Japanese authorities. When announcing the development, Nissan also said its former chairman was engaged in other significant acts of misconduct, including personal use of company assets.

According to Japanese publication Mainichi, this includes vacations, buying houses and donations using company money.

Sources close to the matter told Mainichi that Ghosn had Nissan pay for donations to a foreign university attended by his daughter, but also family trips.

It's been even reported that Ghosn apparently used a Dutch subsidiary of Nissan, set up to buy venture businesses, to pay for homes in Rio, Brazil, and Beirut, Lebanon. Other Nissan entities have paid for homes in Paris, Amsterdam and New York.

Via insiders, we learn that Carlos Ghosn denies any wrongdoing, as does the man accused alongside him, Greg Kelly, who also states he was never instructed by Ghosn to engage in illegal activities.

As the investigation unfolds, the executive waits in a Tokyo prison. The District Public Prosecutors Office is now looking into wire transfer records to prove the accusations above, and are even questioning people involved in the transactions.

On Thursday Nissan said it decided to seek advice on how to proceed next from an independent third party. The company voted on the creation of an advisory committee chaired by Masakazu Toyoda, tasked with looking for the next chairman of the company.

On its part, the other company led by Ghosn, Nissan, is for now standing by its leader as it decided not to remove him completely. Renault also officially asked Nissan “to provide all information in their possession arising from the internal investigations related to Mr. Ghosn.”
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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