March 22, 2019
Latest News

Securities watchdog files complaint against Carlos Ghosn, Nissan

Tokyo, Jan 10 (efe-epa).- Japan's securities watchdog Thursday filed a complaint against former Nissan boss Carlos Ghosn as well as the Japanese automaker for underreporting his income.

The complaint filed by the Securities and Exchange Surveillance Commission is in addition to the charges filed by the Japanese prosecution against Ghosn over underreporting of salary and the management of his assets while he headed Nissan.

The Commission accused Ghosn and Nissan of violating the Financial Instruments and Exchange Act by not declaring Ghosn's entire compensation package between Mar. 2015 and 2018 in the company's securities reports.

The watchdog also filed a lawsuit against Greg Kelly, another former Nissan executive, who, like Ghosn, is accused of underreporting his salary.

Ghosn has been detained since Nov. 19 and a Tokyo court is expected to make a decision Friday based on charges filed by the prosecution.

He has been accused of not declaring millions in earnings in agreement with Nissan, an amount which he was supposed to receive as a compensation package when he left the company and for dubious third party payments.

The prosecution also accused Ghosn of passing personal investment losses during the 2008 financial crisis to Nissan's books, although the auto tycoon's lawyer's argued they were approved by Nissan's management and hence did not qualify as breach of trust.

Until now, only a formal indictment weighs against Ghosn for the alleged misstatement of income between 2011 and 2015, although the prosecution might present another formal indictment on Friday or press new charges against him in order to extend his detention.

The Commission had already filed another complaint in December against Ghosn, Kelly and Nissan for underreporting of Ghosn's salary between Mar. 2011 and 2015.

News history
LatAm needs more creators of "serious video games"

Guadalajara, Mexico, Mar 21 (efe-epa).- The use of "serious video games" for health and sports preparation is increasing in Latin America, but the region...

Rio de Janeiro shantytown is oasis in sea of violence

Rio de Janeiro, Mar 21 (efe-epa).- A far cry from the image of violence and lack of security in Rio de Janeiro's poor neighborhoods, the "favela" or...

Chinese car maker Geely sees net profit rise 18 percent in 2018

Beijing, Mar 21 (efe-epa).- Chinese automobile company Geely made a net profit of 12.55 billion yuan ($1.8 billion) in 2018, some 18 percent more than the...

Levi Strauss set to debut amid IPO boom

Bangkok Desk, Mar 21 (efe-epa).- Levi Strauss & Co. is set to go public for the second time Thursday as the jeans maker jumps on an IPO wave being ridden...

Bolivia allows planting of GM soy to make biodiesel

Cuatro CaƱadas, Bolivia, Mar 20 (efe-epa).- Soy producers in eastern Bolivia's Santa Cruz region welcome the government's decision to allow cultivation of...

Fed leaves rates unchanged, expects no hikes in 2019

Washington, Mar 20 (efe-epa).- The United States' Federal Reserve on Wednesday left its benchmark interest rate unchanged at a target range of between 2.25...

Entrepreneur with Down syndrome looks to spread happiness through crazy socks

Melville, New York, Mar 20 (efe-epa).- John Cronin, a young man with Down syndrome from the northeastern United States, is living out his dream as co-owner...

Bayer shares fall after legal setback on roundup weedkillers

Berlin, Mar 20 (efe-epa).- Bayer shares fell more than 12 percent in early trading Wednesday after the German chemicals and pharmaceuticals giant faced...

Taiwan surprises world with its whiskeys matured in barrels from Jerez

Francisco Luis Perez

Carlos Ghosn's case likely to be put on fast track, lawyer says

Tokyo, Mar 20 (efe-epa).- The trial of former Nissan Motor Co chairman Carlos Ghosn could begin as soon as the fall, his lawyer said, suggesting the court...

Disney completes buy of Fox's entertainment assets

Madrid, Mar 20 (efe-epa).- Walt Disney Co. closed its $71.3 billion acquisition of the major entertainment assets of 21st Century Fox, the companies said,...

US government orders audit on certification of Boeing 737 MAX 8

Washington, Mar 19 (efe-epa).- The US Department of Transportation announced Tuesday that it ordered an audit of the certification process of the Boeing 737...

Police stop Caracas opposition march; Trump, Bolsonaro discuss Venezuela

Caracas, Mar 19 (efe-epa).- Venezuela's Bolivarian National Police on Tuesday prevented public workers supporting the head of Parliament, Juan Guaido, as...

Report: Mexico has potential to be a technology pioneer

Mexico City, Mar 19 (efe-epa).- Mexico has the potential to become a world pioneer in technological innovation, thanks to its demographic growth,...

GM to invest $2.7 bn in Brazil plants over next 5 years

Sao Paulo, Mar 19 (efe-epa).- General Motors, which earlier this year told employees at two Brazilian plants that it faced a critical situation due to...

Asia shows love for champagne with growth in the market last year

Paris, Mar 19 (efe-epa).- Asian countries have shown their taste for champagne, with more consumed outside of France than in the country last year, a trade...

Police prevent Caracas march by Guaido supporters

Caracas, Mar 19 (efe-epa).- Venezuela's Bolivarian National Police on Tuesday prevented public workers supporting the head of Parliament, Juan Guaido, as...

Bolivian farmers crushed by drought and debt

By Yolanda Salazar

Foreign companies best able to build new Mexico refinery, president says

Mexico City, Mar 19 (efe-epa).- Mexico's president on Tuesday defended the decision to allow just a handful of foreign companies to bid on construction of a...

European regulators to give Boeing 737 MAX fix extra scrutiny

Madrid, Mar 19 (efe-epa).- Boeing Co's efforts to return the grounded 737 MAX airliner to the sky after two fatal crashes face another hurdle after the head...

Algerian turmoil threatens deals

Madrid, Mar 19 (EFE).- A contentious political transition in Algeria is creating uncertainty around a number of foreign investment deals in Africa's largest...

YouTube takes down tens of thousands of New Zealand attack videos

San Francisco, United States, Mar 18 (efe-epa).- YouTube on Monday announced that it has removed tens of thousands of videos of last week's Christchurch...

Boeing crashes spur debate over how much pilot training is enough

Bangkok Desk, Mar 19 (efe-epa).- The crashes of two Boeing Co. 737 MAX planes within five months are prompting regulators and pilots to reassess the bare...

Indigenous people demand their rights in La Paz after 41-day march

La Paz, Mar 18 (efe-epa).- Indigenous people from southern Bolivia arrived this Monday in La Paz after a 41-day, 700-kilometer (435-mile) march from Sucre,...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.