On the 3rd, a lawyer of former CEO Kelly, who was convicted of a suspended sentence, appealed the decision, saying that Nissan Motor's former chairman Carlos Ghosn's remuneration was understated in the securities report.
Former Nissan CEO Greg Kelly (65) colludes with former chairman Carlos Ghosn (67), who fled to Lebanon in the Middle East, and reports the former chairman's compensation in securities for eight years until 2017. He was accused of violating the Financial Instruments and Exchange Act, saying that he stated less than 9.1 billion yen in accordance with the book.
On the 3rd, the Tokyo District Court pointed out that former chairman Ghosn was the principal culprit, and for former CEO Kelly, he colluded with former chairman and others only in 2017 when he confirmed the unpaid remuneration amount in writing for the eight years. Judging that, he was sentenced to 6 months in prison and 3 years suspended sentence.
Dissatisfied with this ruling, a lawyer of former CEO Kelly appealed to the Tokyo High Court on the 4th.
"I don't understand that the court was guilty of only one year. I'm not guilty of everything," Kerry said after the decision on the 3rd.
Regarding the decision on the 3rd, it has been revealed that Nissan, which was ordered to pay a fine of 200 million yen, will not appeal.