Advanced Search

The story appears on

Page A9

September 7, 2020

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Auto

Ex-Nissan executive faces trial

Source: AP | 00:05 UTC+8 September 7, 2020 | Print Edition

His boss Carlos Ghosn escaped financial misconduct charges by fleeing the country, but another former Nissan executive is still awaiting trial in Japan: Greg Kelly.

Kelly’s trial in Tokyo District Court is to open on September 15, nearly two years after his arrest, and the same day he turns 64. If convicted on charges related to underreporting Ghosn’s income, Kelly could face up to a decade in prison.

Even if acquitted, he has already paid a heavy price, unable to leave Japan and go home to Tennessee while out on bail. He has yet to see his newborn grandchild. His wife got a student visa to stay with him in Tokyo.

Kelly, like Ghosn, says he is innocent.

Tokyo prosecutors say Kelly and Ghosn, the former chairman of Nissan Motor Co, violated financial laws by underreporting Ghosn’s pay by about 9 billion yen (US$85 million) from 2011 through 2018.

Jamie Wareham, Kelly’s lawyer in the US, says a compensation agreement was never finalized. He believes the real motive was a “corporate coup” to oust Ghosn by others at Nissan who feared he might engineer a takeover by its French alliance partner, Renault. “The whole thing is a fraud,” Wareham said.

Auto


 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend