Business Maverick: American Executive Found Guilty of Helping Ghosn Hide Income

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Former Nissan Motor Co. director Greg Kelly was found guilty of helping Carlos Ghosn underreport his compensation, with a Tokyo court giving him a six-month suspended sentence in a decision that draws a line under one of the most shocking corporate takedowns of the past decade.

In a move welcomed by the U.S., Chief Judge Kenji Shimotsu suspended the American’s sentence for three years in his ruling Thursday, bringing to an end 17 months of trial proceedings that essentially served as a proxy for trying former Nissan leader Ghosn. The two auto executives were arrested in Tokyo on the same day in November 2018 and charged with various financial misconduct offenses.

The failure to report Ghosn’s total pay amounted to “false” reporting in Nissan’s financial statements, the judge said. The court also found that Ghosn and Toshiaki Onuma — who ran the secretarial office for Nissan’s executives and testified for the prosecution in return for immunity — were aware their actions amounted to false reporting and they conspired together to carry out their actions.

 

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