October 30, 2020

Mitsubishi accuses Ghosn of irregular charges for 7.82 million euros | Economy

Mitsubishi accuses Ghosn of irregular charges for 7.82 million euros | Economy



The Japanese manufacturer of automotive Mitsubishi accused the former president of the conglomerate Nissan-Renault-Mitsubishi, Carlos Ghosn, of having allegedly received an "illegal" payment of 7.82 million euros between last April and November.

These operations are added to other alleged irregularities detected in Nissan, which controls Mitsubishi, which was the president of both companies, who has been detained in Tokyo since November 19 and who was dismissed from the two charges days after his arrest. .

According to Mitsubishi, the payments were made by a firm created to generate synergies between the two automakers, but the contract that was used for the installments was made by a person not authorized by the company.

The Tokyo prosecutor's office has accused Ghosn of hiding from the millionaire authorities remunerations agreed with Nissan and that he would supposedly receive upon retirement, and of violating the company's confidence in other financial irregularities.

As a result of these events, Mitsubishi, which became controlled by Nissan in 2016, carried out its own internal investigation, and some of the results were released today by the company.

The alleged irregularities are linked to the payments received and made by NMBV, a company established in the Netherlands in June 2017, which incorporates those of Nissan and Mitsubishi and whose payments were shared equally between the two firms.

In a statement, Mitsubishi said that Ghosn received "illegally" from that joint venture a payment that "was hidden" from the company, something that the Japanese manufacturer's address discovered when receiving information from Nissan after the manager's arrest.

The accounts indicate that Mitsubishi and Nissan paid a total of 15.62 million euros on April 26, 2018 to the joint venture, NMBV, as "payment of services".

"From April 2018 to November 2018, Mr. Ghosn illegally received 7.82 million euros on account of this payment for services," the statement said.

"This payment – it is added – was made as a remuneration according to the bases of an employment agreement that linked NMBV and Mr. Ghosn to appoint Mr. Ghosn as managing director" of that firm.

However, it is added that this contract "was closed by a person who was not authorized to do so in NMBV and, in addition, the NMBV did not follow the appropriate procedure to pay any remuneration to Mr. Ghosn."

Mitsubishi also maintains that the firm's management was not informed about this agreement, and anticipates that it will consider the possibility of demanding from Ghosn responsibilities for this matter, in coordination with Nissan.

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