Ghosn May Have Kept Money Intended For Other Execs

Ghosn may have kept money intended for other execs

NHK has learned that Nissan Motor used to pay to its executives nearly 9 million dollars less than the amount approved at its annual shareholders' meeting. Tokyo prosecutors suspect part of the amount may have gone to Chairman Carlos Ghosn.

Ghosn was arrested on Monday on suspicion of underreporting his income by about 44 million dollars over the 5-year period up until March 2015. Another Nissan executive, Greg Kelly, was also arrested.

Since 2010, the shareholders' meeting approved that an annual combined sum of about 27 million dollars be paid to its executives.

But the actual amount paid to the executives every year was about one third less than the approved total.

Ghosn was reportedly authorized to decide how to allot the pay to each of the executives.