Financial Services Agency Order to pay a surcharge of over 2.4 billion yen to Nissan Motor February 28, 19:08
In a case where former chairman Ghosn of Nissan Motor reportedly reduced his remuneration in his securities report, the Financial Services Agency ordered Nissan to pay a surcharge of more than 2.4 billion yen based on the Financial Instruments and Exchange Act. Was.
Nissan Motor Corp. has been charged with former Chairman Carlos Ghosn and other executives for violating the Financial Instruments and Exchange Act, which had been cited in the financial report for four years until April 2017.
In connection with this case, the Securities and Exchange Surveillance Commission had advised the FSA to order a fine of ¥ 2,424 million.
The FSA has announced that it has ordered the payment of a surcharge of more than 2.4 billion yen after Nissan has filed a response acknowledging the facts.
According to the Financial Services Agency, the surcharge ordered by the Financial Services Agency for making false statements in securities reports is the second highest in the past, after only over 7.3 billion yen for Toshiba five years ago.
Nissan Motor
Nissan Motor said, "We take this decision seriously and sincerely apologize for the inconvenience to all concerned. We will continue to strengthen governance and comply with laws and regulations." Commented.