Nissan might be wrapped up in Carlos Ghosn's legal troubles, report says

The report says prosecutors plan to indict not only Ghosn, but also the automaker itself.

Andrew Krok Reviews Editor / Cars
Cars are Andrew's jam, as is strawberry. After spending years as a regular ol' car fanatic, he started working his way through the echelons of the automotive industry, starting out as social-media director of a small European-focused garage outside of Chicago. From there, he moved to the editorial side, penning several written features in Total 911 Magazine before becoming a full-time auto writer, first for a local Chicago outlet and then for CNET Cars.
Andrew Krok
2 min read
Prior to Paris Motor Show
Enlarge Image
Prior to Paris Motor Show

Monday's going to be a busy day, no matter how it pans out.

Uli Deck/Picture Alliance/Getty Images

Almost three weeks ago, Japanese authorities arrested now-former chairman Carlos Ghosn over alleged financial malfeasance. Next week, a new report says the investigation will start handing out indictments.

Prosecutors in Tokyo will soon hand down indictments for Ghosn, former Nissan director Greg Kelly and the automaker itself, Reuters reports, citing a report in Japan's Nikkei business daily. Nissan did not immediately return Roadshow's request for comment, but it declined to comment to Reuters.

Japanese authorities have already arrested Ghosn and Kelly, and their 22-day detention period ends Monday. Thus, as Reuters notes, prosecutors need to decide whether to cut them loose or indict them -- or, possibly, arrest the two again on different charges.

In terms of specific charges, Reuters cites Nikkei's claim that all three entities will be indicted for underreporting salaries in five separate reports, and it's possible that both Ghosn and Kelly will be rearrested in connection with misstatements in the years that followed the underreporting of salaries. Reuters points out that Nissan could potentially be involved because Japanese law holds companies accountable when specific people make false statements in company reports.

On Nov. 19, Ghosn and Kelly were arrested in Japan following allegations of financial misconduct. Specifically, it's believed that both Ghosn and Kelly underreported their compensations by millions of dollars, and Nissan claimed in a statement that it, too, found "significant acts of misconduct" elsewhere. In a board meeting that followed, Ghosn was removed was chairman. At the time of writing, he remains the chairman and CEO of Renault.

2018 Nissan Leaf Nismo RC in one fast electric ride

See all photos