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Nissan to pay $22 million fine over Ghosn compensation scandal

Christian Fernsby ▼ | February 29, 2020
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.
Nissan Motor
Auto industry   Nissan Motor
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.

Topics: Nissan fine Ghosn

Nissan said the same day it will “take the decision sincerely.”