INTERNATIONAL - Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture (JV) between Nissan Motor Co and Mitsubishi Motors Corp, the companies said on Friday.
A joint investigation found that Ghosn, ousted as chairman from both automakers, was compensated by the Netherlands-based JV without any discussion with two other board members, Nissan Chief Executive Hiroto Saikawa and Mitsubishi Chief Executive Osamu Masuko.
Nissan holds a controlling stake in Mitsubishi Motors.
Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan 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.
Ghosn denies the charges against him. His lawyer, Motonari Otsuru, could not immediately be reached by telephone on Friday.