Allegations have been leveled at former Nissan Motor Co. Chairman Carlos Ghosn over the improper use of the company's funds, but people familiar with the problem say Ghosn and his asscoiates believe there are not any problems.
One of the allegations involves the purchase and renovation of luxury homes in Rio de Janeiro and Beirut.
About 2.1 billion yen in Nissan's investment funds was used for related expenses, but it has been said that Ghosn's family actually used the homes.
It is suspected that Nissan also covered the rent and purchasing costs of luxury condominiums in Paris, Amsterdam and Tokyo.
Though such actions may constitute a special breach of trust under the Companies Law, Ghosn explained to those around him after he was arrested that he uses the properties for work.
Former Nissan Representative Director Greg Kelly, who is said to have been involved in purchasing properties, reportedly said he bought the properties because the cost of local hotels is too high and that there were not any problems.
Ghosn, also denied alleged impropriety involving a 100,000 dollars-per-year advisory contract between Nissan and his sister in Brazil, claiming that his sister was working for the company.
Read more from The Japan News at https://japannews.yomiuri.co.jp/
