Tags: AS | Japan | Nissan | Ghosn

Nissan Says It's 'cooperating Fully' with Inquiry by US SEC

Monday, 28 January 2019 04:38 AM

TOKYO (AP) — Nissan Motor Co. said Monday it has received an inquiry from the U.S. Securities and Exchange Commission.

The Japanese automaker confirmed "we have received an inquiry from the SEC, and are cooperating fully. We cannot provide further details."

The statement followed reports by both Japanese and foreign media that the U.S. financial markets watchdog was considering investigating Nissan over its pay to executives in the United States.

Nissan's ex-chairman Carlos Ghosn is facing charges in Japan of falsifying financial statements by under-reporting his compensation and of breach of trust related to his handling of investment losses and payments to a Saudi businessman.

Ghosn has been detained in Tokyo since his arrest on Nov. 19. He has said he is innocent of any wrongdoing.

Nissan has factories in Canton, Mississippi and in Smyrna, Tennessee. The company's shares are traded as American Depository receipts in the U.S.

Ghosn led an expansion of production in the U.S., Nissan's biggest market.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Nissan Motor Co. said Monday it has received an inquiry from the U.S. Securities and Exchange Commission.The Japanese automaker confirmed "we have received an inquiry from the SEC, and are cooperating fully. We cannot provide further details."The statement followed reports...
AS,Japan,Nissan,Ghosn
159
2019-38-28
Monday, 28 January 2019 04:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved