FINANCE

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


গ্রে Greg Kelly, former representative director of Reuters Nissan Motor Company, came to Tokyo District Court in Japan on September 15, 2020 for the first trial hearing. Via QUISH OTA / Pool Router / Files

Written by Tim Kelly

TOKYO (Reuters) – Japanese prosecutors on Wednesday ordered a Tokyo court to send former Nissan (OTC) motor executive Greg Kelly to prison for two years on charges of helping Carlos Ghosn, the ousted CEO of Carmaker, hide his earnings.

Prosecutors, who are also seeking a fine of 200 million yen (1. 1.8 million) for the Japanese carmaker, demanded imprisonment during Kelly’s closing argument in a trial that began a year ago.

Judgment in the case is expected next year, and if convicted, Kelly could join two other Americans who are spending time in Japan. In July, a court in Lebanon convicted Josan of helping to smuggle a private jet hidden in luggage. Towards the end of 2019, where he remained as a fugitive.

Punishment rate in Japan is about %%

Kelly denies allegations that he helped Ghosn hide by paying os decimal billion yen in eight years, saying his only goal was to retain a chief executive who could be tempted by a rival carmaker.

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

Ghosn, who also denies wrongdoing, faces a separate breach of trust allegation that he paid himself ে 5 million to a Middle East car dealership at Nissan’s expense and temporarily transferred personal financial losses to his employer’s books.

Two former Nissan executives have complained that they were the victims of a boardroom coup by former colleagues over fears that Ghosn could merge between its largest shareholders, Nissan and Renault SA (OTC :).

Kelly has been sitting for months receiving testimony from witnesses, including former colleagues such as former vice president in charge of legal affairs Hari Nada and the officer responsible for Ghosn’s compensation Toshiaki Ohnuma’s statement. They cooperated with prosecutors and were not charged.

(1 = 110.7420 yen)

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