Recommendation to the Financial Services Agency to order a surcharge of 2.4 billion yen for Nissan Securities Monitoring Commission December 8th 17:46
The Financial Services Agency asks the Securities and Exchange Surveillance Committee to charge a surcharge of more than 2.4 billion yen to Nissan as a corporation in a case where former chairman of Ghosn stated that his remuneration was described in the securities report with a small amount It was found through interviews with the parties concerned that the policy to recommend was established.
In the case of defendant Carlos Ghosn (65), the former president of Nissan Motor Co., Ltd. By January, the Oversight Committee had criminally charged Nissan as a corporation with the former chairman, and Nissan was charged with violating the Financial Instruments and Exchange Act.
It is subject to administrative sanctions by the monitoring committee for 4 years until 2017, when the levy of the surcharge is not effective, and the amount of the original surcharge amounts to approximately 4 billion yen. It means that before the inspection of the monitoring committee about administrative punishment began, the violation was voluntarily reported and the reduction of the surcharge was applied.
As a result of examining the monitoring committee by hearing from Nissan representatives, etc., the policy is to recommend to the Financial Services Agency to allow the reduction based on Nissan's application and order Nissan to charge a surcharge of more than 2.4 billion yen. It means that it has hardened.
The surcharge recommended by the Oversight Committee over the description of securities report lies is expected to be the second highest after 7.3 billion yen against Toshiba, which was recommended four years ago.