Tax Office Finds Ghosn Diverted Nissan Funds

Society Economy

Tokyo, Oct. 29 (Jiji Press)--The Tokyo Regional Taxation Bureau has found that former Nissan Motor Co. <7201> Chairman Carlos Ghosn diverted company funds for personal use, informed sources said Tuesday.

The tax bureau has determined that the automaker failed to declare some 150 million yen in taxable income in the three years through March 2014 by concluding that a donation to a university in Lebanon and other payments were Ghosn's personal expenses.

Part of the amount was found as concealed income, the sources said.

Nissan is believed to have already filed a corrected tax return and paid several tens of millions of yen in additional tax, including a fine.

The undeclared income was reported as expenses by the company's secretarial office, the sources said.

[Copyright The Jiji Press, Ltd.]

Jiji Press