Ghosn may have used company funds for family trips

Ghosn may have used company funds for family trips

NHK has learned that arrested Nissan Motor Chairman Carlos Ghosn used company funds to pay for family trips.

Ghosn was arrested on Monday on suspicion of underreporting his income by about 44 million dollars over 5 years until 2015.

Sources say Nissan provided Ghosn with luxury homes in 4 countries and paid tens of millions of dollars for no legitimate business reason to the affiliate company that owns them. The homes were in Rio de Janeiro, Beirut, Paris and Amsterdam.

Sources have told NHK that Ghosn also had a Nissan subsidiary pay hundreds of thousands of dollars for his family trips and dining.

Tokyo prosecutors are investigating the allegations.