2018-11-27
 
The former president of Nissan Motor Co., Carlos Ghosn, carried personal losses incurred during the 2008 financial crisis on the automaker to prevent millions of dollars in losses, the Asahi Shimbun newspaper reported on Tuesday.
 
When Ghosn asked for more guarantees from the chief executive, he instead transferred the rights of related derivative transactions to Nissan, effectively carrying losses of 1.7 billion yen ($ 15 million), the paper quoted several sources as saying.
 
Asahi said the Securities and Exchange Commission had discovered this during the regular inspection of the year.
 
Nissan said it could not comment on the report. A spokesman for the Securities Commission said the commission was not commenting on individual cases.
 
Ghosn is in custody in Tokyo after being arrested last week for alleged financial irregularities including not reporting his real income for years. Ghosn denied the allegations.
 
Ghosn was sacked from the board of directors of Nissan in a unanimous vote last week and was also removed from the chairmanship of its coalition partner, Mitsubishi Motors, on Monday.