Ghosn received $9 million improperly from Mitsubishi-Nissan JV: companies

Reuters  |  TOKYO 

(Reuters) - Arrested improperly received 7.8 million euros ($9 million) in compensation from a joint venture between Motor Co and Motors Corp, the companies said on Friday.

A joint investigation by the companies has found that Ghosn, ousted as from both automakers, received the compensation without discussing it with the two other board members of the joint venture, and Motors

holds a controlling stake in Motors.

Ghosn, arrested and detained in since Nov. 19, has been indicted in on charges of under-reporting his salary for eight years through March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis.

($1 = 0.8780 euros)

(Reporting by Naomi Tajitsu; Editing by Himani Sarkar)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 18 2019. 10:58 IST