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TOKYO – Nissan will pay a $ 15 million fine and Carlos Ghosn, former president of the Japanese automaker, will pay $ 1 million to settle the charges related to misrepresentation, the Securities and Exchange Commission announced on Monday .
The settlement is the latest consequence of Ghosn's arrest in Japan in November. Prosecutors have indicted Ghosn and Nissan themselves for under-reporting about $ 80 million in compensation to the executive. The scandal has shaken Nissan, whose profits have fallen, and caused breaches in its alliance with the French automaker Renault, while the automotive industry faces new costly challenges.
The second. opened its investigation in January. Greg Kelly, a former Nissan executive who prosecutors accused of attempting to help Mr. Ghosn conceal his income, will pay $ 100,000, the sum of S.E.C said.
Nissan and the two leaders have cleared the charges without admitting or denying any allegations, the US Supreme Court said.
This is a story in development. Please check again for updates.
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