• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Tokyo prosecutors seek two-year sentence for former Nissan executive Kelly

September 29, 2021 by David Barret Leave a Comment

September 29, 2021

By Tim Kelly

TOKYO (Reuters) -Japanese prosecutors asked a Tokyo court on Wednesday to send former Nissan Motor executive Greg Kelly to prison for two years for his alleged part in helping Carlos Ghosn, the carmaker’s ousted CEO, hide earnings.

Prosecutors, who are also seeking a 200 million yen ($1.8 million) fine for the Japanese carmaker, called for the jail sentence for Kelly during their closing arguments in a trial that began a year ago.

A ruling in the case is expected next year, and if found guilty Kelly could join two other Americans who are serving time in Japan after a court sentenced them in July for helping smuggle Ghosn out of Japan on a private jet hidden in luggage to Lebanon at the end of 2019, where he remains as a fugitive.

Japan’s conviction rate is about 99%

Kelly has denied charges he helped Ghosn hide 9.3 billion yen of Ghosn’s earnings over eight years through deferred payments, saying in his only goal had been to retain a chief executive who could have been lured away by a rival automaker.

In 2010, Japan introduced new financial regulations forcing company executives earning more than 1 billion yen a year to disclose their compensation.

Ghosn, who also denies any wrongdoing, faces separate breach of trust charges that allege he enriched himself at Nissan’s expense through $5 million in payments to a Middle East car dealership, and by temporarily transferring personal financial losses to his employer’s books.

Both former Nissan executives allege they are victims of a boardroom coup by former colleagues worried that Ghosn would push through a merger between Nissan and Renault SA, its largest shareholder.

Kelly has sat in suit and tie through months of testimony from witnesses, including former colleagues such as former vice president in charge of legal affairs Hari Nada and the official responsible for details of Ghosn’s compensation Toshiaki Ohnuma. They cooperated with prosecutors and were not charged.

($1 = 110.7420 yen)

(Reporting by Tim KellyEditing by Mark Heinrich and Mark Potter)

Source Link Tokyo prosecutors seek two-year sentence for former Nissan executive Kelly

David Barret
David Barret

Related posts:

  1. Malaysia holiday hotspot readies for reopening with tourism bubble
  2. Popular Netflix series sparks new debate over S.Korea’s military conscription
  3. Tennis-Greek Sakkari boosts chances of making WTA Finals cut
  4. Georgian ex-president says he will fly home, despite jail threat, to ‘save the country’

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • A “Good Death”: How Do Doctors Want To Die?
  • People Are Throwing Baby Puffins Off Cliffs In Iceland Again – But Why?
  • Yet Another Ancient Human Skull Turns Out To Be Denisovan
  • Gen Z Might Not Be On Course For A Midlife Crisis – Good News, Right? Wrong
  • Glowing Plants, Punk Ankylosaur, And Has The Wow! Signal Been Solved?
  • Pulsar Fleeing A Supernova Spotted Where Neither Of Them Should Be
  • 20 Years After Hurricane Katrina: Is It Time For A New Approach To Hurricane Classification?
  • Dog Named Scribble Replicates Quantum Factorization Records – So We Tried It Too
  • How Old Is The Solar System? (And How Can We Tell?)
  • Next Week, A Record-Breaking Over 7 Billion People Will See The Total Lunar Eclipse
  • The Goblin Shark Has The Fastest Jaws In The Ocean, Firing Like A Slingshot At Speeds Of 3.1-Meters-Per-Second
  • We Thought Geological Boundaries Were Random. Now, A New Study Has Identified Hidden Patterns
  • Do Fish Sleep?
  • The Biblical Flood Myth That Inspired Noah’s Ark Had A Sinister Twist
  • Massive Review Of 19 Autism Therapies Finds No Strong Evidence And Lack Of Safety Data
  • Giant City-Swallowing Cracks In Earth’s Surface Are A “New Geo-Hydrological Hazard”
  • Three Incredible Telescopes Looked At The Butterfly Nebula To Learn Where Earth Came From
  • The Pacific Ocean Is So Vast It Contains Its Own Antipodes
  • World’s Tallest Bridge Over “Crack In The Earth” Gets Daunting Load Test By Fleet Of 96 Trucks
  • Mars’s Interior Still Has Evidence Of Ancient Impact, Dead NASA Mission Tells Us
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version