Former Nissan chairman Carlos Ghosn has been with financial misconduct for allegedly under-reporting his pay by tens of millions of pounds for five years.
Nissan executive Greg Kelly allegedly helped Ghosn under-report his income by 5bn yen (£35m) up until March 2015, leading to Ghosn’s arrest on 19 November. However, he has been re-arrested by Japanese prosecutors over fresh allegations that he continued to understate his income up until March of this year bringing the overall amount to roughly 9bn yen.
Both men face 20 days in detention and Nissan has also been charged in relation to the case. The car manufacturer has been indicted for filing false financial statements.
Nissan said in a statement: “Making false disclosures in annual securities reports greatly harms the integrity of Nissan’s public disclosures in the securities markets, and the company expresses its deepest regret. Nissan will continue its efforts to strengthen its governance and compliance, including making accurate disclosures of corporate information.”
Ghosn faces up to 10 years in prison if he is found guilty.