FILE PHOTO: A Nissan logo is pictured at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su
TOKYO (Reuters) - Japan’s markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd (7201.T) about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday.
Nissan’s former Chairman Carlos Ghosn was arrested in Tokyo in November last year over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring personal financial losses to the books of Nissan, Japan’s No. 2 automaker.
Reuters reported in June that Nissan would be fined up to 4 billion yen and it may receive a reduced fine of around 2.4 billion yen if the automaker filed documentation to the Securities and Exchange Surveillance Commission (SESC) before the formal investigation begins, citing a source.
The fine would cover a four-year period through March 2018, the source previously told Reuters.
Nissan and the SESC could not immediately be reached for comment.
Reporting by Takashi Umekawa; Editing by Jacqueline Wong
"fine" - Google News
December 08, 2019 at 04:31PM
https://ift.tt/357DEmM
Japan's markets watchdog likely to recommend $22 million fine against Nissan: NHK - Reuters
"fine" - Google News
https://ift.tt/2NyjnPq
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
No comments:
Post a Comment