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GHOSN HAS TRANSFERRED TO NISSAN PERSONAL LOSS, ACCORDING TO THE PRESS
TOKYO (Reuters) – Nissan's former president, Carlos Ghosn, blamed his losses on personal investments during the 2008 financial crisis, Japanese daily Asahi Shimbun reported on Tuesday.
Citing several anonymous sources, the newspaper said that when the bank of Carlos Ghosn asked for more collateral guaranteeing a foreign exchange contract tied in 2006, the officer transferred all the rights relating to this contract to Nissan, the manufacturer absorbed as a result 1.7 billion yen (13.2 million euros) of losses.
Japanese securities regulators, the Securities and Exchange Surveillance Commission (SESC), discovered the incident during a routine inspection that year, Asahi Shimbun said.
Nissan said it was unable to comment on the article. A spokesman for the SESC said that the latter did not speak on individual cases.
Carlos Ghosn has been detained in Japan since November 19 due to accusations of tax evasion and the use of corporate funds for personal purposes as part of his Nissan business. He denies the charges against him, reported Sunday the Japanese public channel NHK.
Like Nissan last week, Mitsubishi Motors ousted Carlos Ghosn on Monday as president of the Japanese automaker.
Carlos Ghosn is still CEO of both the Renault group and the Renault-Nissan-Mitsubishi alliance.
The information reported by Asahi Shimbun has not been verified by Reuters, which does not guarantee its accuracy.
(Paris Office, Benoît Van Overstraeten for the French service, edited by Bertrand Boucey)
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