Greg Kelly, a close aide of ousted Nissan Motor Co. Chairman Carlos Ghosn, had prepared over the span of several years documents outlining plans for the top executive to receive part of his pay after retirement, sources with knowledge of the matter said Saturday.
Prosecutors believe that by not disclosing deferred compensation, Ghosn and Kelly violated a law requiring executive compensation to be disclosed in financial reports on an annual basis.
The two were arrested nearly two weeks ago for alleged financial conduct and remain in custody in Tokyo. Their detention was extended for another 10 days on Friday even though they have yet to be formally charged.