Posted 2024-01-15 00:00:00 +0000 UTC
According to Japanese media reports, Japanese market regulators may soon recommend that financial regulators impose a fine of about 2.4 billion yen ($22 million), due to false reports in the company's financial statements. In November, Carlos Ghosn, Nissan's former chairman, was arrested in Tokyo on suspicion of financial misconduct, including concealing about 9.1 billion yen ($84.71 million) of wages in nearly a decade and temporarily transferring his personal losses to Nissan's books. In June this year, the media quoted sources as saying that Nissan may face a fine of up to 4 billion euros. If the company submits relevant documents to the Japanese Securities and Exchange Commission (SESC) before the official investigation, the amount of the fine it faces may be reduced to about 2.4 billion dollars. Previously, a source told foreign media that the fine was for a period of four years, until March 2018. Nissan and SESC did not immediately comment.
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