PARIS – Ousted Renault-Nissan alliance chairman Carlos Ghosn was paid $8 million (€7 million) through a Dutch joint venture between Nissan and Mitsubishi Motors, the French financial newspaper Les Echos reported on its website.
Les Echos said Sunday that Nissan and Mitsubishi Motors in June 2017 set up joint venture Nissan Mitsubishi BV (NMBV) in the Netherlands to pay bonuses to staff and managers of the two carmakers.
The venture’s top directors were not initially supposed to receive bonuses from the unit, but in February 2018 — and without the knowledge of other directors — Ghosn was hired as an employee by the unit, which made him eligible for payments, the paper reported.
A Nissan spokesman did not immediately respond to a request from comment.
Ghosn has been detained in Japan since his Nov. 19 arrest and faces charges including underreporting of his income for the five years through 2015. He denied those charges at a court appearance last week.
Reuters reported last week that one of Ghosn’s senior executives received an additional six-figure salary via the Dutch joint venture overseeing Renault’s alliance with Nissan. There is nothing to suggest that the payments were illegal, but they highlight governance issues and potential conflicts of interest.