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Nissan's Carlos Ghosn claimed $12m air travel, 'other' expenses

Joint Renault-Nissan audit reportedly paves the way for legal action against scandal-hit chairman's cost

Carlos Ghosn is the chairman of Nissan.
PMV Middle East
Carlos Ghosn is the chairman of Nissan.

Carlos Ghosn, Nissan's scandal-hit chairman, reportedly claimed $12m in expenses, including those related to air travel, it was revealed following a review of the joint audit mission between Renault and Nissan, in respect of their jointly owned subsidiary RNBV.

The audit confirmed deficiencies in financial transparency and procedures for monitoring expenditure, which had been highlighted by auditors in Renault’s interim April 2019 report disclosed to the market as well. 

Findings from the audit confirmed concerns from RNBV’s expenses for a total of US$12.3m.

The amount included various expense types, including air travel and certain other costs, both incurred for Ghosn, and his gifts to non-profit organisations, according to a report by Construction Week's sister title PMV Middle East

Keeping these findings in mind, and in addition to those measures decided during their meeting on 3 April, the board of directors resolved to ask Renault’s representatives to initiate contact with their Nissan counterparts and implement any legal actions possible in the Netherlands with respect to Ghosn’s costs and ways to recover the expenses incurred.

Ghosn was arrested in Japan on 19 November, 2018, on suspicion of understating his salary in Japan by $44m.

The 64-year-old executive, who was chairman and chief executive officer of Renault SA and chairman of Mitsubishi Motors Corp, was alleged to have understated his salary over five years from 2011, PMV Middle East reported.

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Construction Week - Issue 745
Jun 30, 2019