Skip to content
Monday 24 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,816.56
+0.64%
DAX
26,136.56
0.00%
CAC 40
8,484.43
0.00%
STOXX 50
6,462.22
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Friday 18 January 2019 10:31 am  |  Updated:  Monday 03 June 2019 3:30 am

Ghosn received $9m in improper payments from Dutch joint venture, Nissan says

By: James Warrington

Add as a preferred source on Google

Embattled car executive Carlos Ghosn received $9m (£7m) in improper compensation from a joint venture between Nissan and Mitsubishi, the firms have claimed.

The car manufacturers said Ghosn was paid by a Netherlands-based joint venture without the knowledge of Nissan chief executive Hiroto Saikawa or Mitsubishi boss Osamu Masuko.

Read more: Renault-Nissan executives planned secret Ghosn payout via Dutch company

They said the payment raised concerns about possible embezzlement by the former Nissan chairman.

The claim is the latest blow for Ghosn, who has been in detention in Tokyo since his shock arrest on 19 November. Prosecutors have indicted him on charges of underreporting his salary and transferring personal losses to Nissan.

“That such misconduct also occurred at our affiliate is beyond shocking… it’s sad,” Masuko told reporters, according to Reuters.

Mitsubishi and Nissan said they will explore ways of recovering the money. Mitsubishi’s lawyer said the firm may bring a charge of embezzlement against Ghosn.

The scandal has shaken the foundations of the alliance between Nissan, Renault and Mitsubishi. While the Japanese companies have ousted Ghosn, Renault has retained him as chairman and chief executive.

Read more: Renault keeps Ghosn as chief executive and chairman

But earlier this week French finance minister Bruno Le Maire called on Renault to replace Ghosn.

Tokyo prosecutors rejected a request to release the car executive on bail earlier this week. Lawyers for Ghosn have since appealed the decision.

 

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Related Topics

Trending Articles

  • Can debt-ridden Morrisons become a Big Four supermarket again?

  • Ratcliffe’s Ineos saves Runcorn plant

  • Amazon says it buys books in bulk to ‘improve products’

  • House prices in wealthy London boroughs fall by up to £300,000

  • Mike Ashley’s Frasers offers to pay personal shoppers in Harvey Nichols takeover

More from Morning Wire

  • Government to inject millions into electric vehicle firms despite mandate backlash

    Politics
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
  • Vodafone pushes into legal tech market to co-develop AI platform

    Legal
    Vodafone Group has announced the appointment of Microsoft's Pilar López as its new chief financial officer.
  • Anthony Hamilton’s cars – including a special jaguar – just sold for £2.9m, here’s why

    Life&Style
    Light blue David Brown Automotive Speedback GT sports car, front 3/4 view, at an auto show display.
  • Nanochon Receives Regulatory Approval from Panamá’s Ministry of Health to Initiate First-in-Human Clinical Study of Chondrograft™

    Business Wire
  • EV targets set to be watered down

    Transport & Infrastructure
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
  • Diageo boss ‘drastic’ Dave Lewis eyes £20m pay deal as 2,000 jobs slashed

    Hospitality
    Dave Lewis, former Tesco CEO, smiling in a supermarket aisle with products on shelves
  • AI startup raises $20m to build ‘digital twins’ of office workers

    Tech
    Modern open-plan office space with employees working at computers, bright lighting, and large windows.
  • Algoma Central Corporation Reports Financial Results for the 2026 Second Quarter

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook