Carlos Ghosn told prosecutors while being detained in late 2018 that there was no legal obligation for Nissan Motor to pay him any deferred compensation that was relinquished voluntarily, according to statements read aloud in court for the trial of former director Greg Kelly.
“As a businessman, I hoped that Nissan, or via the alliance would, legally compensate me,” Ghosn said, in remarks that were translated into Japanese then back into English. “The people around me wanted to find ways to compensate me legally. They wanted me to remain at Nissan.” The arrest of Ghosn and Kelly in November 2018 unleashed a legal and corporate saga with shockwaves that are still being felt. Nissan reported a second year of losses on Tuesday, and forecast that it will only break even in the year to end-March 2022 as a global shortage of automotive chips hurts its ability to capitalise on recovering demand for cars. The carmaker’s alliance with Renault and Mitsubishi Motors has frayed.
Michael and Peter Taylor, two Americans who were extradited to Japan to face charges of helping Ghosn flee the country, will have their first hearing in June. The testimony in court didn’t include his assertions, if any, that there was a plot within Nissan to oust him from the company and the alliance. Reporting by Bloomberg News has shown that a small group of insiders worked for months before Ghosn’s arrest to bring a criminal case against him.
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