• Kyodo

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The securities watchdog on Tuesday recommended that Nissan Motor Co. be fined ¥2.4 billion ($22 million) over allegations that it underreported former Chairman Carlos Ghosn’s remuneration for years, sources said.

The recommendation by the Securities and Exchange Surveillance Commission, which has also filed a criminal complaint against Nissan and Ghosn over the alleged misreporting, was made to the Financial Services Agency on Tuesday.

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