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Tokyo court convicts ex-Nissan executive for role in hiding Carlos Ghosn payments -Breaking

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© Reuters. Greg Kelly, a former executive at Nissan Motor Co. walks into the Tokyo District Court in Tokyo, Japan on March 3, 2022. Zhang Xiaoyu/Pool via REUTERS

TOKYO (Reuters) – A Tokyo court convicted the former Nissan Motor Executive Greg Kelly for helping Carlos Ghosn to hide his pay from financial regulators. But Kelly claimed he wasn’t responsible for the $80 Million that the ex-Nissan chief allegedly didn’t disclose.

Kelly was told by Kelly that the court found the unpaid remuneration and failure to report “the grand total” to be false reporting. Kelly agreed.

The judge, however, said Kelly was not aware of all 9.3 billion yen ($80.46 million) of hidden payments over a decade, instead blaming Toshiaki Ohnuma, an official who oversaw details of Ghosn’s compensation as a secretariat official, for some of them. Ohnuma, a key witness, was not tried in exchange for cooperation.

Kelly was sentenced to a suspended six-month sentence by the judge

Nissan was penalized 200 million yen (or $1.73 million) because it failed to reveal Ghosn’s salary.

A Japanese court may get the closest to concluding the case against Nissan’s former chief executive officer after an 18 month-long trial. Ghosn, who fled to Lebanon in 2019, hiding in a suitcase on a private plane is out of reach for Japanese prosecutors.

These charges stemmed from 2010’s financial regulation changes that made it mandatory for executives making more than one billion yen (or $8.71 million) each year to reveal their salaries.

Kelly claimed that Kelly did not break the law. He testified that his sole intention was to provide Ghosn with information. Ghosn was the chief executive officer at Kelly’s company. Renault (PA:) A package of compensation that will dissuade him defecting to another automaker.

Kelly could now leave Japan after this ruling.

This chapter is over, even though it has been three long years for Kelly’s family. Dee, his wife, and he can start their next chapter here in Tennessee,” Rahm Emmanuel (U.S. Ambassador to Japan) said in a statement.

Ghosn was once an international traveler but is now stuck in Lebanon. He cannot travel to other countries without getting arrested and returning to Japan.

Ghosn faces charges of concealing $80million of earnings over the past eight years. Ghosn also faces allegations of enriching his employer through $5 million in payments to a Middle East dealership for cars and temporary transfer of investment losses to his old employer.

Ghosn denies all allegations against him.

($1 = 115.5900 yen)

($1 = 115.5900 yen)

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