Carlos Ghosn

Nissan to be fined $22m for misstating Carlos Ghosn’s pay

Japanese regulators have demanded a ¥2.4bn ($22m) fine from Nissan, alleging it understated pay for its former chairman Carlos Ghosn over a four-year period. The Securities and Exchange Surveillance Commission (SESC) has also disputed some of Nissan’s findings from an internal probe on Mr Ghosn’s pay, which was at the centre of allegations that led to his arrest last November. In a statement on Tuesday, Nissan said it takes the recommendation seriously. “In the absence of any special circumstances or other reasons, the company intends not to dispute the alleged facts and the amount of the . . . penalty.”